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 long distance coach operator Onnibus has initiated employer-employee negotiations aiming to cut up to 78 jobs. The company aims to cut 60 driver jobs, 14 terminal jobs in Helsinki and 4 administrative positions in Tampere. The need for redundancies has arisen due to increased competition from train operator VR following reduced ticket prices. Onnibus is now discontinuing traffic on unprofitable routes such as the route from Helsinki-Vantaa airport to Turku. Negotiations will concern almost all 300 employees at Onnibus.
Updated, 03/04/17;Following concluded employer-employee negotiations Onnibus will cut 60 jobs. In total 45 driver jobs, 10 terminal jobs in Helsinki and 5 administrative jobs in Tampere will be made redundant. In addition, the Jyväskylä-Joensuu route will be discontinued.
Eurofound (2017), Onnibus, Internal restructuring in Finland, factsheet number 90179, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90179.