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

1,300 jobs
Number of planned job losses
Job loss
Announcement Date
20 March 2012
Employment effect (start)
20 March 2012
Foreseen end date
31 December 2013


Finnish IT company Tieto is to cut 1,300 jobs, of which 500 in Finland. The Swedish branch will lose 300 jobs and another 500 jobs will be lost in other countries. According to Raul Ennus, head of Tieto Java and Open Source unit, the dismissals are most likely not be applied on Tieto Estonia employing 100 people. The job reduction is expected to allow Tieto to reduce its overhead and become more price competitive in the IT consultancy market.

Tieto's main markets are Scandinavia and the Baltic countries, while the IT services group is also active in Central Europe, Russia and Germany.



Eurofound (2012), Tieto, Internal restructuring in European Union, factsheet number 73448, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73448.