Restructuring events
European Restructuring Monitor (ERM)
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.
The food service company Arkea is planning wide job reduction measures and has started co-operation negotiations affecting 550 employees - both food service personnel and cleaning personnel. The negotiations are expected to last a minimum of 6 weeks. The result of the negotiations will determine permanent layoffs. Other measures will be temporary layoffs, retraining and job re-organisation measures as well as cuts in contractual worktime.
According to the company, restructuring is necessary due to reduced demand for the services caused by the increased telework in the aftermath of the pandemic. Further, the company sees the rising prices of consumer goods and transports due to the war in Ukraine as threatening to the profitability. The company is also losing leases in some of their kitchen establishments.
Arkea employs approximately 1,100 people in Finland. The company is publicly owned by the city of Turku and is servicing food in staff canteens and schools.
Updated, [23/05/2022]
Arkea has concluded the cooperation negotiations that encompassed 550 employees corresponding to about 50% of the company’s total workforce . As a result of the negotiations, 150 employees will be laid off permanently and 50 persons temporarily. Up to 380 employees will be transferred from full-time to part-time contracts.
Eurofound (2022), Arkea, Internal restructuring in Finland, factsheet number 106526, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106526.
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