Spar

Type
Merger/Acquisition
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.1 - Non-specialised retail sale
47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
600 jobs
Number of planned job losses
Job loss
Announcement Date
6 February 2006
Employment effect (start)
Foreseen end date
15 March 2006

Description

On 6 February 2006 the retail chain Spar started codetermination negotiations with the whole personnel in order to cut 600 jobs. The jobs cuts are carried out due to the merger of retail chain SOK and Spar.

Sources

  • 6 February 2006: Helsingin Sanomat

Citation

Eurofound (2006), Spar, Merger/Acquisition in Finland, factsheet number 62905, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62905.