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 Sale In Non-Specialised Stores 47.19 - Other retail sale in non-specialised stores
200 jobs Number of planned job losses
Announcement Date
31 March 2014
Employment effect (start)
Foreseen end date
Description
Finnish wholesale and retail group Kesko is planning to close eight Anttila department stores which will lead to the loss of 210 jobs.
The closure of these shops is due to low profit levels. Kesko is also entering into negotiations with its other department stores and expects these negotiations to lead to a further reduction of 25 full-time employees.
The ERM has reported on previous restructuring events at Kesko in 2004, 2005, 2007 and 2012.
Updated 2014/06/25: After concluding negotiations, Kesko has decided to close four department stores, reducing staff by 200.
Sources
31 March 2014: HBL.fi
31 March 2014: YLE
16 June 2014: Kesko.fi
Citation
Eurofound (2014), Kesko, Closure in Finland, factsheet number 76801, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76801.
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