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.
Due to a merger of Kesko Agro and K-maatalousyhtiöt, cooperation procedures will be started.
The cooperation procedure concerns Kesko Agro Ltd's agricultural business in Finland and concerns some 120 people. At the same time, K-maatalousyhtiöt Oy also starts a cooperation procedure concerning some 250 employees. The underlying factor of these procedures is the sales developments of both companies that fell short of expected. The objective is to find means of enhancing competitiveness and achieving cost savings.
Eurofound (2004), Kesko, Merger/Acquisition in Finland, factsheet number 59156, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59156.