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 Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Sale Of Motor Vehicles 45.11 - Sale of cars and light motor vehicles
70 jobs Number of planned job losses
Announcement Date
28 September 2022
Employment effect (start)
28 September 2022
Foreseen end date
Description
The Swedish car retail company Hedin Automotive has finalised cooperation negotiations, which will lead to the dismissals of 70 employees in all 19 of its branches in Finland. The negotiations concerned 591 employees in all business units. New positions are also to be created as a result from the cooperation negotiations: they will be offered to current employees. The company does not intend to close any of its branches in Finland.
According to the company's managing director, the aim of the redundancies is to reorganise the company's operations and improve profitability. The managing director does not give further details of the reasons.
Hedin Mobility Group is one of the largest car retail companies in Europe. The company entered the Finnish market in May, 2022 when it bought up the car resale business from its Finnish competitor Kauppahuone Laakkonen Oy. In 2021, the company employed more than 5,000 people worldwide.
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.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
