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.
Health / Social Work Human Health Services And Activities Human Health Activities 86.21 - General medical practice activities
98 - 343 jobs Number of planned job losses
Announcement Date
4 May 2017
Employment effect (start)
1 September 2017
Foreseen end date
Description
Finnish health care services provider Terveystalo is to merge with health services company Diacor making between 110 and 343 employees redundant. Employer-employee negotiations will begin on 9 May 2017. The companies anticipate that 110-137 employees will be made redundant through the merger, however, up to 343 employees could be made redundant according to some reports. Diacor currently operates 13 clinics and one hospital in Helsinki as well as one clinic in Turku. These clinics and the hospital will be incorporated in the Terveystalo network. Terveystalo has a total of 170 clinics throughout Finland. A number of executives will be made redundant along with some practising staff such as nurses, radiographers and physiotherapists.
The merger will take place in the beginning of September 2017.
Updated 22/06/2017: The employer-employee negotiations ended in June 2017 with 98 employees of Terveystalo being dismissed. The dismissals concern sales and administrative staff and a few nurses in the Helsinki region and Turku.
Sources
4 May 2017: Kauppalehti
4 May 2017: Company press release (Diacor)
22 June 2017: Etelä-Suomen Sanomat (ESS)
Citation
Eurofound (2017), Terveystalo, Merger/Acquisition in Finland, factsheet number 90956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90956.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
