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 Finnish construction company YIT is to cut 350 jobs in Finland. The planned job losses are due to the financial crisis and the recession which has considerably weakened the construction industry. According to YIT, the company is cutting 100 clerical jobs and some 250 other jobs. Jobs are to be cut permanently or temporarily. The personnel negotiations concern the whole personnel in Finland.
Restructuring measures are to be implemented by the first half of 2009.
YIT employs some 10,600 workers in Finland.
Eurofound (2008), YIT, Internal restructuring in Finland, factsheet number 68241, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68241.