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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
180 jobs Number of planned job losses
Announcement Date
9 June 2014
Employment effect (start)
9 June 2014
Foreseen end date
Description
Finnish IT-service provider Tieto has announced that it will cut 180 jobs in Finland. According to the source, the group will cut a further 50 jobs in Sweden and in other countries. The job reductions in Finland are mainly in the Helsinki region, on the sites in Tammerfors and Uleåborg. The sources reports that the job reductions are within the units 'Consulting and System Integration' and 'Product Development Services'. It is reported that the job reductions are an attempt to enhance efficiency in a competitive market. Tieto is now entering into negotiations with trade unions.
The ERM has reported on previous restructuring events at Tieto in 2012, 2013and 2013.
Sources
9 June 2014: Svenska YLE
9 June 2014: Tieto.se
Citation
Eurofound (2014), Tieto, Internal restructuring in Finland, factsheet number 77144, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77144.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
