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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.0 - Computer programming, consultancy and related activities
570 jobs Number of planned job losses
Announcement Date
9 May 2012
Employment effect (start)
Foreseen end date
Description
Information technology consultancy Accenture has announced that it is reducing its workforce in Finland by about 570 persons. The company has started negotiations for laying off 250 persons, while another 320 are expected to leave after accepting a departure package. There is currently no timeline for the restructuring.
Accenture's decision to cut jobs in Finland follows its agreement with mobile phone maker Nokia in 2011 to take on 1200 employees cut by Nokia. These employees were previously involved in developing Nokia's Symbian operating system, which Nokia decided to substitute with Windows Phone. Accenture reports that it has placed about 500 of those employees into Windows-related development and offered departure packages to the rest.
Union representatives have criticised the way the Nokia-Accenture's deal has been carried out. In their view, redundancies were to be expected anyway as Symbian development is ultimately phased out. Outsourcing to Accenture was therefore simply a postponement of redundancies.
Eurofound (2012), Accenture, Internal restructuring in Finland, factsheet number 73614, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73614.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
