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.
Valtiokonttori, the Finnish state treasury, has announced redundancies of up 70 of its 500 staff due to anticipated budget cuts in 2014. The agency, responsible for many of the financial transactions of the Finnish government, faces 4.5 million Euros of budget cuts for 2014 but vital activities as the government debt management and payment traffic will be excluded from the restructuring. Negotiations with the employee representatives have already been initiated and are expected to be concluded by the end of August 2013.
Udated, 29-08-2013: Valtiokonttori has concluded negotiations and reports 56 redundancies, 21 of which would be direct dismissals.
Eurofound (2013), Valtiokonttori, Internal restructuring in Finland, factsheet number 75469, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75469.