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.
Aalto University in Esbo in Finland has announced that it will cut 130 jobs. According to the source, the job reductions will affect service functions but not educational staff or researchers.
According to the source, the university has not received the funding it expected and the University aims to save €8.5 million by the end of 2015. The job cuts will also form part of a reorganisation plan which aims to improve the efficiency of the university's support services.
The University has begun negotiations with trade unions regarding its 1,600 employees.
Sources
16 April 2014: Aalto University (press release)
16 April 2014: HLB
Citation
Eurofound (2014), Aalto University, Internal restructuring in Finland, factsheet number 76863, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76863.
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