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.
Microsoft has announced plans to close down Microsoft Mobil in Tampere, Finland leading to 1,350 redundancies in Tampere and at the Finish headquarters in Espoo. The reason for the closure is that sales revenue for Microsoft is lower than expected. The sales and marketing division in Espoo will not be affected by the restructuring. In addition the the redundancies in Finland, up to 500 jobs will be cut globally.
Microsoft bought Nokia's mobil phone unit in 2014 and the ERM has previously reported on major restructuring within Microsoft during 2014 when 18 000 jobs were made redundant following the merger with Nokia. Moreover Microsoft cut 8000 jobs globally, including 2300 in Finland during 2015.
Update 22/06/2017: Finland made an application to the European Globalisation Adjustment Fund (EGF) in February for EUR 3 million. The budgetary procedure started in June. The application provides for a number of tailor-made measures to serve the specific needs of the redundant workers, to develop existing or create new skills and to promote ntrepreneurship, to increase the mobility of the redundant workers, nationally and internationally.
Eurofound (2016), Microsoft Mobile, Closure in Finland, factsheet number 87718, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87718.
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