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.
Education Education Vet, Higher And Tertiary Education 85.32 - Technical and vocational secondary education
40 jobs Number of planned job losses
Announcement Date
12 December 2013
Employment effect (start)
Foreseen end date
30 June 2014
Description
Provider of vocational special needs education S. ja A. Bovalliuksen säätiö is to cut 40 jobs.
As reported, reduced public funding and increasing costs are the reasons for the restructuring. The foundation also warns about possible temporary layoffs but it is not planning to cut the number of students.
S. ja A. Bovalliuksen säätiö has 530 students and 280 staff in Pieksämäki and Turku as well as in other locations.
Sources
12 December 2013: Foundation announcement
12 December 2013: YLE News
Citation
Eurofound (2013), S. ja A. Bovalliuksen säätiö, Internal restructuring in Finland, factsheet number 76327, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76327.
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