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.
Finnish video game developer Rovio Entertainment has started statutory negotiations to cut 130 jobs. This constitutes a reduction of 16% of the workforce. The restructuring is an effect of the decline in popularity of the company’s flagship product, the Angry Birds-game franchise. The company has lost a quarter of its active players in the last two years. At this point in time there are approximately 200 million players a month. CEO Mikael Hed admitted to having expanded the company faster than the actual financial situation allowed.
The cuts affect employees at the company’s offices in Esbo and Tampere.
Rovio has a total of 814 employees in Finland.
Updated, 08-12-2014: The final outcome of the negotiations is that 110 positions will be made redundant from Rovio. The company will focus its production processes in its facility in Espoo and plans to close its facility in Tempere.
Eurofound (2014), Rovio Entertainment, Internal restructuring in Finland, factsheet number 77675, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77675.