Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

120 jobs
Number of planned job losses
Job loss
Announcement Date
7 May 2008
Employment effect (start)
Foreseen end date

Description

The electrical appliance retailer Markantalo is to start personnel negotiations in order to cut 120 jobs due to productivity reasons. Discussions will cover all of its current 450 employees.

Markantalo has 12 retail sales units all over Finland and the company has had financial troubles over the last years.


Sources

  • 7 May 2008: Helsingin Sanomat

Citation

Eurofound (2008), Markantalo, Internal restructuring in Finland, factsheet number 66665, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66665.