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 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.
Eurofound (2017), Terveystalo, Merger/Acquisition in Finland, factsheet number 90956, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90956.