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 47.1 - Retail sale in non-specialised stores
89 jobs Number of planned job losses
Announcement Date
31 August 2016
Employment effect (start)
31 August 2016
Foreseen end date
Description
Finnish cooperative Suur-Seudun Osuuskauppa (SSO) has initiated employer-employee negotiations to cut up to 100 jobs. The company will review its operations in order to make inefficient units more efficient by reorganising and closing some units. Through the restructuring SSO wants to enable investments in digitalisation and further develop customer service solutions. As of October 2016, there is no information regarding when the employment effects will be implemented by.
SSO is made up of around 80 different business units and the cooperative consists of a number of businesses among which gas stations, restaurants, super markets and hotels.
Updated, 24/10/2016;Following concluded employer-employee negotiations up to 89 jobs will be cut corresponding to 70 full-time jobs.
Sources
31 August 2016: Svenska YLE
1 September 2016: Svenska YLE
31 August 2016: SSO (Company press release)
14 October 2016: Vihdin Uutiset
Citation
Eurofound (2016), Suur-Seudun Osuuskauppa (SSO), Internal restructuring in Finland, factsheet number 88811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88811.
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.
