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 62.01 - Computer programming activities
250 jobs Number of planned job losses
Announcement Date
20 September 2012
Employment effect (start)
Foreseen end date
Description
Logica, a provider of ICT consultancy services, has announced redundancies of up to 250 employees. The company is starting negotiations with employee representatives on the cuts.
Logica offers ICT consultancy, particularly programming services and employs approx. 3,200 people in Finland. It was acquired by the Canadian CGI group in August 2012. The company names as reason for the restructuring the need to adjust its operations to declining demand, as well as to the new group’s business practices. Options to outright dismissals (e.g. temporary lay-offs, early retirement) will be explored in the negotiation process.
Sources
20 September 2012: Logica Press release
20 September 2012: Helsingin Sanomat
20 September 2012: YLE News
Citation
Eurofound (2012), Logica, Merger/Acquisition in Finland, factsheet number 74165, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74165.
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.
