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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
109 - 200 jobs Number of planned job losses
Announcement Date
12 October 2010
Employment effect (start)
Foreseen end date
30 June 2011
Description
In order to address its debt problems the Finnish city of Porvoo has announced plans to cut 109 people from its workforce.
The city's debt is expected to rise to 157 million euros and the cuts are expected to save about 4 million. The city has concluded mandatory negotiations with its employees. By law these negotiations have to last at least 2 weeks, but Porvoo has scheduled them for at least 6 weeks. The city intends to exempt certain occupations from cuts, e.g, doctors and fire fighters. Therefore, various cultural and educational activities are likely to be disproportionately reduced.
Porvoo is located 50 kilometres east of capital Helsinki.
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