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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
400 jobs Number of planned job creations
Announcement Date
16 November 2020
Employment effect (start)
Foreseen end date
31 December 2021
Description
Swappie, a Finnish company selling refurbished iPhones, plans to hire up to 400 employees at its office in Helsinki during 2021.
The company needs to enlarge its staff because its business has grown rapidly and expanded to several new European countries in 2020. Moreover, in May 2020, the company received almost €37 million from investment companies.
Swappie was founded in 2016 as an online store for used smartphones, with the peculiarity that all phones are tested and refurbished before been sold. The company currently employs 400 people and in 2020 it already doubled its workforce by hiring 200 new people.
Eurofound (2020), Swappie, Business expansion in Finland, factsheet number 102719, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102719.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
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