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.
Finland-wide, and specifically Raisio, Espoo, Vantaa, Tampere, Helsinki
Sector
Retail Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Sale Of Motor Vehicles 45.11 - Sale of cars and light motor vehicles
106 jobs Number of planned job losses
Announcement Date
2 September 2014
Employment effect (start)
Foreseen end date
Description
Veho Group subsidiary, Finnish car dealership chain Veho Autolat announced plans to cut 106 jobs. According to the sources, the restructuring is due to a long term decline in profits and the job cuts will primarily affect retail, service and administration personnel. As announced, the company will next week start statutory negotiations that refer to approximately 430 employees, almost half of its total workforce. As announced, company sites in Helsinki metropolitan area, Tampere and Raisio may be affected by the job reduction measure.
Veho Autolat is the main Veho Group retail business in Finland. Veho Group has a total of 2,212 employees and operates in Finland, Sweden and the Baltic countries. In 2012 the company had a turnover of €1,060 million. For a previously reported restructuring event see Veho-2009.
Sources
2 September 2014: Kauppalehti
2 September 2014: Uutisaalto
2 September 2014: Talouselämä
Citation
Eurofound (2014), Veho Autotalot, Internal restructuring in Finland, factsheet number 77517, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77517.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
