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.
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.
Eurofound (2012), Logica, Merger/Acquisition in Finland, factsheet number 74165, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74165.