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.
Saarioinen, a privately-owned Finnish food manufacturer and wholesaler, has announced up to 225 redundancies. The company has started negotiations with employee representatives on the cuts.
The negotiations initiated by Saarioinen affect all personnel groups and may result in up to 165 cuts in production personnel and up to 60 cuts in office staff. The company notes that it is lagging behind its targets in meat products and prepared foods and needs to improve its competitiveness.
UPDATE 07-11-2012: Saarioinen has concluded negotiations and announced 164 lay-offs from five locations, 127 production and 37 office staff.
Eurofound (2012), Saarioinen, Internal restructuring in Finland, factsheet number 74123, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74123.