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.
IT service provider Tieto has announced up to 180 redundancies in Finland. The company has initiated negotiations with employee representatives on the cuts.
Tieto has approximately 5,300 employees in Finland. The proposed redundancies will affect consultation and systems integration businesses, which have approximately 1,750 employees.
In 2012 Tieto combined those operations and now reports that its capacity in those areas exceeds market demands. In 2012, Tieto also cut 500 jobs (Tieto-2012).
Eurofound (2013), Tieto, Internal restructuring in Finland, factsheet number 75438, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75438.
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