Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Arts / Entertainment
Arts, Entertainment And Culture
Gambling And Betting Activities
92.00 - Gambling and betting activities

200 jobs
Number of planned job losses
Job loss
Announcement Date
11 August 2021
Employment effect (start)
Foreseen end date

Description

Gaming and betting Finnish company Veikkaus is planning to cut up to 200 employees. In addition, the terms of employment will change for approximately 330 employees. The co-operation negotiations concern a total of 830 employees.

According to Veikkaus' Director of Channels and Sales, the restructuring is led by the need to modernise and reform the organisation, because the demand for services provided by the company has decreased. 

Veikkaus is a state-owned gaming company. Veikkaus' revenue is used to support Finnish NGOs, for instance, in the fields of culture and sports. The company has around 1,600 employees, according to their website


Sources

Citation

Eurofound (2021), Veikkaus , Internal restructuring in Finland, factsheet number 105198, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105198.