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.
Arts / Entertainment Arts, Entertainment And Culture Gambling And Betting Activities 92.00 - Gambling And Betting Activities
185 - 215 jobs Number of planned job losses
Announcement Date
5 September 2023
Employment effect (start)
17 October 2023
Foreseen end date
Description
Finnish gaming and betting company Veikkaus initiates cooperation negotiations to lay off 240 employees. In addition, the terms of employment will change for approximately 190 employees. The cooperation negotiations concerns almost the entire organisation, with a total of 825 employees.
The transformation of the gambling sector and future system changes will mean an adjustment for the company. According to the CEO, the cooperation negotiations are based on the company's goal of a sustainable and profitable business model that will ensure growth and competitiveness also in the future.
In 2021, the company announced that they would make 200 employees redundant and change the terms of employment for 330 employees. Veikkaus-2021-FI
Veikkaus is a Finnish state-owned gaming and betting company with around 1,300 employees.
Update 13/11/2023
In mid-November 2023, when cooperation negotiations were concluded, the company announced that between 185 and 215 employees would be made redundant, which is slightly less than in earlier estimations. The changes to terms of employment would, in the end, concern 110-150 employees.
Eurofound (2023), Veikkaus, Internal restructuring in Finland, factsheet number 200287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200287.
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