Internal restructuring
Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.1 - Retail sale in non-specialised stores

143 jobs
Number of planned job losses
Job loss
Announcement Date
21 August 2003
Employment effect (start)
Foreseen end date


The company will start cooperation talks in 48 K-Citymarket department stores in order to cut 150 jobs.The reason behind the cuts is that the functions of the stores will be divided into 3 product groups in stead of the present 5. This restructuring in believed to make the stores more competetive and effective. The company will probably offer jobs for the dismissed ones according to the new function model.

10 October 2003

As an result of the cooperation talks with the personnel Citymarket has decided to cut its personnel by 143 employees. 78 are dismissed directly, 65 gets specific pension arrangements and one part starts to work on part time. One part of the fixed term contracts will not be renewed.


  • 28 October 2003: Hufvudstadsbladet
  • 21 August 2003: Helsingin Sanomat


Eurofound (2003), K-Citymarket, Internal restructuring in Finland, factsheet number 59700, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59700.