EMCC European Monitoring Centre on Change

Tieto Czech

Company/Organisation:
Tieto Czech

Geographic Location

Country: Czech Republic

Company

Sector: Information / communication
IT and other information services
63 - Information service activities
Number Employed: 2700
Group: Tieto

Employment Effects

Announcement Date: 10-04-2019
Planned Job Reductions min: 250
Planned Job Reductions max: 250
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2019

Additional Information

The subsidiary of the Finnish IT services company, Tieto, has announced plans to reduce its personnel in Czechia by the end of 2019. The 250 job cuts out of 2,700 staff are expected to affect all business units apart from Product Development Services (PDS). Moreover, 210 employees in Finland and 160 in Sweden will be made redundant.

The dismissals are part of the global organisational changes declared by the company earlier this year. As part of its new strategy, Tieto has decided to remove matrix organisational structures and introduce a simplified and increasingly agile operating model. These changes are said to be essential for long-term competitiveness.

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