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 University Åbo Akademi in Turko has initiated employer-employee negotiations aiming to cut a up to 154 jobs. The reason for the internal restructuring is reduced funding for the university from the Finnish government. The university has to save €7.7 million during 2016-2018. The 154 redundancies will be split evenly between teaching/researching staff and administrative/additional staff.
Both the principal of Åbo Akademi as well as the local union representatives state that the savings requirements from the government are unreasonable.
The Finnish government is in total reducing the grants to the Finnish universities by €600 million during 2016-2020, leading to redundancies at many of the 14 Finnish universities. The ERM has reported on ongoing employer-employee negotiations at Aalto University, the University of Helsinki, the University of Eastern Finland and Lappeenranta Univeristy of Technology.
Update 11/3/2016:Following completed employer-employee negotiations 87 jobs will be cut at Åbo Akademi. In total 47 individuals will be directly dismissed, of these 47, 10 employees working with education and research will be made redundant and 37 employees working as administrative/additional staff. The remaining 40 positions will be cut through retirements and non-extension of fixed term contracts. The dismissals will be executed during April and the remaining 40 positions will be cut gradually until the end of 2017.
Eurofound (2015), Åbo Akademi, Internal restructuring in Finland, factsheet number 86009, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86009.
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