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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56 - Food and beverage service activities
200 jobs Number of planned job losses
Announcement Date
5 November 2018
Employment effect (start)
5 November 2018
Foreseen end date
Description
Finnish restaurant group Restamax has completed cooperation negotiations, which will result in the reduction of 200 positions and in the shifting to part-time work of 40 positions. On June 2018, the company purchased the entire shareholding of Royal Ravintolat and it aims, with this restructuring, to achieve significant synergy benefits and improve profitability by reorganising functions and discharging overlapping functions.
The reduction of positions will take place through voluntary arrangements and terminations, and upon the expiry of the employment contracts of workers occasionally called to work. The employees to be made redundant will be offered the opportunity to participate in support measures organised by the employer to promote re-employment.
Sources
Citation
Eurofound (2018), Restamax, Internal restructuring in Finland, factsheet number 95751, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95751.
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