Type
Closure
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other household equipment
47.54 - Retail sale of electrical household appliances

100 jobs
Number of planned job losses
Job loss
Announcement Date
29 June 2012
Employment effect (start)
Foreseen end date

Description

Finnish household appliance chain Veikon Kone will close all its remaining 11 stores, with a loss of 100 jobs.

The owner of Veikon Kone, telecommunications company TeliaSonera, has tried to sell the chain for over a year but managed to sell only 5 stores. The company notes that the purchasing pattern for household appliances has increasingly moved from specialized stores to hypermarkets as well as online stores.


Sources

  • 29 June 2012: IT-viikko

Citation

Eurofound (2012), Veikon Kone, Closure in Finland, factsheet number 73830, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73830.