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.
Swedish telecom company Ericsson has initiated employer-employee negotiations in order to cut up to 175 jobs in Finland. The site will closed. The redundancies are part of a greater savings scheme mainly targeting Sweden where 3,000 employees will be made redundant.
As of October 2016, there is no information regarding when the employment effects will be implemented by. The small cell radio network solutions development will be centralized to other Ericsson units.
In October 2016 the ERM previously reported on the large scale restructuring in Sweden were 3000 employees will be made redundant.
Ericsson has a total of 116,507 employees world wide and approximately 900 employees in Finland.
Updated, 17/10/17:After the negotiations the total amount of dismissed workers is 71.
Eurofound (2016), Ericsson, Closure in Finland, factsheet number 88810, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88810.
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