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 Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
100 jobs Number of planned job creations
Announcement Date
2 October 2006
Employment effect (start)
2 October 2006
Foreseen end date
31 December 2006
Description
Rautakesko operates stores that sell building materials, interior decoration and house technology, tools, small hardware items, yard and garden products. Rautakesko is one of the leading companies of its kind in Estonia with four K-rauta stores and a nation-wide wholesale network. In March 2007 a new store will be opened in Tallinn and Rautakesko plans to hire additional one hundred employees by the end of 2006. The company will launch an extensive campaign to find employees. Traditional channels like newspapers, radio and television will be used and the job advertisements will be also distributed by direct-mail, outdoor media and LCD-screens in public transport.
The Rautakesko company was established under the name Fanaal Ltd in 1991 and it was owned by Estonians then. Fanaal opened stores in Tallinn, Tartu, Pärnu and also one in Riga in Latvia. Since 2000 the company has been owned by the Finnish company Kesko due to Fanaals need for a strategic investor.
Eurofound (2006), Rautakesko, Business expansion in Estonia, factsheet number 64210, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64210.
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