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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.4 - Manufacture of military fighting vehicles
110 jobs Number of planned job losses
Announcement Date
9 April 2014
Employment effect (start)
24 April 2014
Foreseen end date
Description
Finnish security and defence contractor Patria is announcing a job reduction in their Land Unit of 110.
Partly state-owned company Patria is planning a job reduction to cut costs due to tough market competition. Job reductions will be executed within their Land Business Unit and will affect 110 jobs in the sites Hämeenlinna and Tampere. Negotiations with trade unions are expected to be concluded by the 24th of may.
The ERM has reported on previous restructuring events at Patria in 2002 and 2005.
Sources
9 April 2014: YLE
Citation
Eurofound (2014), Patria Land Business Unit, Internal restructuring in Finland, factsheet number 76828, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76828.
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