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.
Finnish manufacturer of scissors, axes, snow tools and gardening tools Fiskars has announced that it will cut approximately 310 jobs globally, including 30 in Finland.
The layoffs will affect its Vita business area. The restructuring is driven by the need to improve financial performance, simplify the organizational structure, and increase efficiency in selected production plants and distribution centers. More than half of the global reductions concern office roles, with the Finnish cuts specifically affecting office workers at the Espoo headquarters. The restructuring programme is negotiated with local trade unions.The Fiskars Group aims to achieve annual cost savings of €28 million through these changes, with the majority of savings realized by 2027.
The company employs over 6,800 people worldwide.
Eurofound (2026), Fiskars, Internal restructuring in World, factsheet number 204159, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204159.
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