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.
The Nordic Bank Nordea is planning to cut between 250 and 300 jobs in Finland by the end of 2015.
According to Nordea, the job reduction will be reached through natural attrition. Nordea is hoping to reduce costs by €900 million by the end of 2015 through its restrucutring process.
The ERM has reported on previous internal restructuring cases at Nordea, Finland, in 2004, 2009 and 2011.
Updated 2014/06/25: The source reports that the employees of Nordea in Finland held strike action in June, closing down the Nordea offices on June 13. Nordea has announced that 300 employees will be offered early retirement. Accoring to the source, the bank will also hold negotiations regarding the reduction of an additional 112 employees. The reduction will therefore be larger than previously announced.
Eurofound (2014), Nordea, Internal restructuring in Finland, factsheet number 76781, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76781.
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