Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Facility Service Company ISS has started personnel negotiations concerning 1,500 employees. The aim is to cut 190 white-collar jobs in Finland. This decision responds to the reduced profitability of the company.
According to the shop steward, Paavo Hiivola, the announcement to start personnel negotiations did not come as a surprise to the workers. The poor economic situation of the company has been well known for a long time.
ISS Palvelut employs a total of 12,488 employees in Finland. ISS Global employs more than 350,000 worldwide.
ISS Integrated Service Solutions, one of the worlds largest Facility Service Groups, was founded in 1901.
Eurofound (2006), ISS Palvelut, Internal restructuring in Finland, factsheet number 64474, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64474.