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.
Itella Group, a company operating in mail communications, financial process and logistics, is to cut 290 jobs. Itella (former Finnish Post) operates in several countries and plans to cut up to 350 jobs in Finland, other Nordic countries, Baltic countries and Poland. 290 of these redundancies will affect administrative and supervisory positions in Finland.
The restructuring is part of a cost saving programme and negotiations are announced to commence soon. Moreover, the company promises to offer severance packages and other support to redundant employees. The group also announced collaboration with IBM for the outsourcing of 123 jobs, as of 1st June 2013. It is unknown yet how many of these job cuts refer to Finland.
For previous restructurings announced by Itella Group in Finland, see Itella-FI2011, Itella-FI2009 and Itella-FI2008.
Eurofound (2013), Itella, Internal restructuring in Finland, factsheet number 75232, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75232.