Internal restructuring
Location of affected unit(s)
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.0 - Computer programming, consultancy and related activities

500 jobs
Number of planned job losses
Job loss
Announcement Date
20 March 2012
Employment effect (start)
1 July 2012
Foreseen end date
31 December 2012


Finnish-Swedish IT services provider Tieto has announced up to 500 redundancies affecting its Finnish units. The company is initiating mandatory negotiations with employee representatives on the proposed cuts. It is also planning to cut an additional 800 jobs in other countries (see the Swedish case 'fact sheet 20291').

Tieto offers a wide range of IT services, e.g. data processing. The company indicated the need to cut costs and improve profitability as one reason for the lay-offs. The company is also planning to focus on its strongest markets (Finland, Sweden) and perhaps abandon some others entirely.

Updated, 07-05-2012: Tieto has concluded negotiations and confirmed 500 redundancies in Finland. By the end of June 2012 Tieto will lay off 210 employees and another 90 positions will be cut through retirements or other vacancies. Up to 200 additional employees will be laid off by the end of 2012.


  • 7 May 2012: Taloussanomat
  • 20 March 2012: YLE Internet News
  • 20 March 2012: Helsingin Sanomat
  • 20 March 2012: Taloussanomat


Eurofound (2012), Tieto, Internal restructuring in Finland, factsheet number 73362, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73362.