Type
Merger/Acquisition
Country
Finland
Region
Manner-Suomi; Itä-Suomi;
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.41 - Freight transport by road

50 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2013
Employment effect (start)
Foreseen end date

Description

Road transport company Suomen Kiitoautot, subsidiary of DB Schenker, has announced redundancies of up to 50 employees. The company has started negotiations with employee representatives on the proposed cuts.

Suomen Kiitoautot was established in 1959 and remained a family-owned company until the beginning of 2012, when it was acquired by DB Schenker (Schenker East). The company operates mainly in eastern Finland and cites declining demand as well as synergies with its parent company as reasons for the proposed cuts.

In November 2012, the company laid off 9 employees permanently and 40 temporarily.


Sources

  • 28 January 2013: YLE News

Citation

Eurofound (2013), Suomen Kiitoautot, Merger/Acquisition in Finland, factsheet number 74834, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74834.