In following months several legal entities (and offices) in many EU and non EU countries will be terminated, local workforce fired.
Starting with smallest ones ASAP (up to ~100 headcount).
Sales will be taken over by local partners.
Contracts (CSS, health, projects, office...) will also be terminated (with due penalties).
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Countries closing list in next months (aproximate):
Bulgaria
Norway
Croatia
BiH
Lithuania
Slovenia
Latvia
Estonia
Cyprus
Some others like Serbia, Slovakia, Denmark, Finland might also not be spared
The biggest markets plus big hubs in Poland, Czechia, Hungary and Romania are safe... not sure for how long as Oracle is on the verge of bankrupcy (words from EWC meeting).
EWC is negotiating packages, more will be known in following days.
There is little leverage when the legal entity is ended, many workers' rights are invalidated this way...
@a7 Which country if you don’t mind sharing?
When you say starting from the smallest ones, that means the others are to come as well?
Fired or laid off? If fired then no severance?
I received the same info by my manager in France before he was handed an NDC about the.matter... that by mid November we from smaller ofices will all get our notices and the Oracle legal entity being terminated after our garden leave expires.
Countries mentioned were from baltics, balkans, nordics... all with less than 100 employees
Source?
Yes, I can confirm too. I'm beeing afected...
It's true
EWC has already been notified.
F off fake news.
Source? “Trust me bro”