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.
Finnish paint and coatings retailer RTV-Yhtymä has announced restructuring negotiations affecting staff of 15 locations. The company plans dismissals of up to 103 people, while the planned changes in terms of employment will affect up to 12 people. The negotiations are expected to last two weeks.
The internal restructuring follows a court ordered debt restructuring RTV-Yhtymä is undergoing. The company likely has to close down some of its stores. The locations undergoing restructuring negotiations are in Forssa, Järvelä, Järvenpää, Kaarina, Karjaa, Kouvola, Mäntsälä, Nokia, Nummela, Perniö, Salo, Savonlinna Varkaus as well as one store in Vantaa and one in Helsinki.
RTV-Yhtymä had 785 employees at the end of 2023.
Updated, 2024-11-13
RTV-Yhtymä will close 15 stores and make 93 employees redundant as a result of the collective consultation process.
Eurofound (2024), RTV-Yhtymä, Closure in Finland, factsheet number 201803, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201803.