EMCC European Monitoring Centre on Change

Elisa

Company/Organisation:
Elisa

Geographic Location

Country: Finland

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 7400

Employment Effects

Announcement Date: 19-08-2003
Planned Job Reductions min: 190
Planned Job Reductions max: 190
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-05-2004
Direct Dismissals: 70

Additional Information

In late August, Elisa started cooperation talks with the personnel in order to cut jobs. According to the company management, the profitability is not adequate. It will be improved by rationalising administration and centralising management. 190 jobs will be threatened by May 2004. 7th October 2003 Elisa has ended the cooperation talks with the personnel. As a result of these talks, altogether 135 jobs will disappear. 70 permanent employees will be made redundant. Other restructuring measures include ending of fixed-term contracts and pension arrangements.