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.
Mail and information logistics company Itella (former Post of Finland) is cutting its work force by 108 employees. Some third of the employees will be laid off from the manual post services units. The cuts concern manual post service units in Oulu and Kuopio. Both units will be shut down by end of August 2008. The rest of the dismissals concern Helsinki, Espoo and Vantaa units.
From 1st of June 2006, Finland Post Corporation changed its name to Itella Corporation and the Group changed the name to Itella Group. The reason for the new name's adoption was in the Group's more diversified and internationalised business operations: a wider range of logistics and information logistics services now supplements postal operations. In addition to Finland, Itella Group operates in eight northern European countries and a quarter of its net sales come from international operations.
Itella Group employs some 25 000 employees.
Eurofound (2008), Itella, Internal restructuring in Finland, factsheet number 66664, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66664.