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.
Accenture, an ICT consultancy company, has announced redundancies of up to 330 employees from its 1,800 staff in Finland. Its unit in Oulu may be closed entirely, while the company keeps open options for dismissals (re-training, transfers, temporay lay-offs) and wants to support outplacement.
The company states that changes in client demand necessitate this new round of lay-offs. Accenture has, for example, provided software development services for mobile phones. In late 2011 mobile phone maker Nokia outsourced 1,200 developers of its outgoing Symbian operating system to Accenture. About half of those positions were lost already in early 2012.
The company has started negotiations with employee representatives on the cuts. Unions have previously criticized Accenture. They state that the company has just been an intermediate stage to the final dismissal of Nokia employees, which have been outsourced previously (see here).
Eurofound (2012), Accenture, Internal restructuring in Finland, factsheet number 74481, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74481.