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 car sales company Veho is cutting 200 jobs in Finland. In addition, 25 jobs will be lost through early retirement arrangements. Reductions are due to the decline in sales. According to CEO Jan-Martin Börman, the company aims for EUR 30 million savings resulting from restructuring. The Company employs a total of some 2,000 in Finland. No indication was given regarding the timing of the job losses.
Eurofound (2009), Veho, Internal restructuring in Finland, factsheet number 68559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68559.