EMCC European Monitoring Centre on Change

VR

Company/Organisation:
VR

Geographic Location

Country: Finland
Region: Manner-Suomi

Company

Sector: Transportation / storage
Transportation and storage
49.10 - Passenger rail transport, interurban
Number Employed: 9500
Group: VG Group

Employment Effects

Announcement Date: 27-05-2015
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring

Additional Information

Finnish rail group VR has initiated employer-employee negations concerning 300 people in stock maintenance. VR aims to cut a maximum of 100 jobs. The restructuring is motivated by a decrease in revenue during the first quarter of 2015. The decrease in revenue was affected by, among other factors, increased competition from public infrastructure and transportation actors.

The VR Group employs a total of 9,500 people in Finland. In 2014 ERM reported on the closure of VR Track, part of the VR Group, due to bankruptcy. The group also conducted an internal restructuring that led to the loss of 98 jobs in 2012