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.
Wholesale / Retail Retail trade Retail sale of motor vehicles, motorcycles and related parts and accessories 47.8 - Retail sale of motor vehicles, motorcycles and related parts and accessories
225 jobs Number of planned job losses
Announcement Date
25 March 2009
Employment effect (start)
Foreseen end date
Description
The car sales company Veho is cutting 200 jobs in Finland. In addition, 25 jobs will be lost through early retirement arrangements. Reductions are due to the decline in sales. According to CEO Jan-Martin Börman, the company aims for EUR 30 million savings resulting from restructuring. The Company employs a total of some 2,000 in Finland. No indication was given regarding the timing of the job losses.
Sources
25 March 2009: Helsingin Sanomat
Citation
Eurofound (2009), Veho, Internal restructuring in Finland, factsheet number 68559, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68559.
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