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.
Kesko Food Ltd will improve its operational efficiency in order to increase the competitiveness of K-food stores. Due to these arrangements, a cooperation procedure with the personnel will be started on 12 April 2005. Kesko Food will reorganise its operations in marketing, logistics and in the purchasing of home and speciality goods.
The co-operation procedure related to the organisational transformation will concern Kesko Food and K-Plus Oy on a large scale. The estimated total need for reduction is about 160 jobs. During the procedure, opportunities for training or reassignments of as many persons as possible will be examined. Pension solutions will also be assessed. Negotiations are expected to terminate by the end of May 2005.
On 25 May 2005 the company informed it will make 153 employees redundant as a result of the ended cooperation negotiations. Altogether, 73 will be made directly redundant and 80 jobs will be cut through early retirement arrangements.
Eurofound (2005), Kesko, Internal restructuring in Finland, factsheet number 61371, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61371.