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 Of Cultural And Recreation Goods In Specialised Stores 47.64 - Retail sale of sporting equipment in specialised stores
86 jobs Number of planned job losses
Announcement Date
7 October 2014
Employment effect (start)
Foreseen end date
Description
Finnish sports equipment retailer Top-sport has initiated statutory negotiations to cut 140 positions from its chain of retail stores. The reduction of employees is explained by the decline in retail sales.
Top-sport currently runs 20 stores in all of Finland, of which 14 will be affected by the restructuring. Top-sport is now focusing its attention to boosting sales through its online store.
Update, 08-12-2014: The outcome of the negotiations is that 86 positions will be made redundant from the company. The retailer will close down a total of eight stores in Finland.
Sources
28 November 2014: Keskisuomalainen
7 October 2014: http://www.savonsanomat.fi
Citation
Eurofound (2014), Top-sport, Internal restructuring in Finland, factsheet number 77676, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77676.
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