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.
Telecommunications company TeliaSonera is negotiating to reduce up to 305 employees from its Finnish operations. Separate negotiations are held in three business areas.
In January, TeliaSonera started negotiations in its customer service and mobile phone technology businesses. These could lead to reductions of 135 and 100 employees, respectively. In February, the company started negotiations in broadband technology business, which could lead to 70 redundancies (out of 630 employees).
TeliaSonera's redundancies in Finland are part of its effort to improve its profitability worldwide. The unions have criticized the company for starting a prolonged 'chain' of negotiations which undermines staff morale.
It is not yet known when the restructuring will take place.
Eurofound (2013), TeliaSonera, Internal restructuring in Finland, factsheet number 74983, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74983.