EMCC European Monitoring Centre on Change

VTT Technical Research Centre of Finland

Company/Organisation:
VTT Technical Research Centre of Finland

Geographic Location

Country: Finland
Region: Manner-Suomi
Location of affected unit(s): Esbo, Uleåborg, Tammerfors, Jyväskylä, Nurmijärvi, Åbo, Kuopio, Villmanstrand, Kajana and Brahestad.

Company

Sector: Professional services
Scientific research and development
72 - Scientific research and development
Number Employed: 2478

Employment Effects

Announcement Date: 28-08-2014
Planned Job Reductions min: 335
Planned Job Reductions max: 335
Type of Restructuring: Internal restructuring

Additional Information

VTT Technical Research Centre of Finland, a state non-profit research organisation, has begun co-operation negotiations to reduce its workforce by 335 positions spread over all its research facilities in Finland. In addition to the reductions, other organisational changes can be expected. 
The reductions are part of an effort by VTT to face decreasing demand and a decrease in funding from the Finnish government by reducing its costs by €10-15 million. VTT conducted similar negotiations last year when a total of 255 workers left the company as a result of retirement and other arrangements.

VTT employs a total of 2,478 people and operates from 10 different facilities in Finland. 

Update: On the 23rd of October 2014, it was announced that the lay-offs will affect 335 employees, rather than the initial estimate of 350. To date, 250 employees have been terminated.