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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42.22 - Construction of utility projects for electricity and telecommunications
33 - 40 jobs Number of planned job losses
Announcement Date
25 October 2017
Employment effect (start)
Foreseen end date
Description
The Finnish electric network contractor Elvera is initiating employer-employee negotiations to reduce approximately 40 jobs. The reason behind the reductions is the very tight competition between network contractors, which has left the company with an order book that cannot guarantee work for all employees in 2018. Elvera, currently based in Eastern and South-Eastern Finland only, says it is looking to expand its activities to new geographical areas and hopes to save as many jobs as possible. The company's employee representation hopes dismissals could be avoided through retirement and other arrangements.
Update 03/01/2018: The concluded employer-employee negotiations ended at seven retirements and 26 dismissals. The remaining approximately 270 staff have been given warning of potential temporary lay-offs.
Sources
25 October 2017: YLE
25 October 2017: Etelä-Saimaa
3 January 2018: YLE
Citation
Eurofound (2017), Elvera, Internal restructuring in Finland, factsheet number 92344, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92344.
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