Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Sale Of Motor Vehicles
45.1 - Sale of motor vehicles

225 jobs
Number of planned job losses
Job loss
Announcement Date
25 March 2009
Employment effect (start)
Foreseen end date

Description

The car sales company Veho is cutting 200 jobs in Finland. In addition, 25 jobs will be lost through early retirement arrangements. Reductions are due to the decline in sales. According to CEO Jan-Martin Börman, the company aims for EUR 30 million savings resulting from restructuring. The Company employs a total of some 2,000 in Finland. No indication was given regarding the timing of the job losses.


Sources

  • 25 March 2009: Helsingin Sanomat

Citation

Eurofound (2009), Veho, Internal restructuring in Finland, factsheet number 68559, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68559.