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.
Tieto, a Swedish-Finnish IT services company, plans 300 redundancies in Sweden. In total the company plans to cut 1,300 jobs globally: 500 job cuts in Finland, 300 in Sweden and 500 in other countries. Most of the redundancies will be implemented this year and the company plans to reduce their yearly costs by 50 million Euro by 2014. The redundancies were announced as a move to become more cost-efficient.
Eurofound (2012), Tieto, Internal restructuring in Sweden, factsheet number 73305, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73305.