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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.73 - Wholesale of wood, construction materials and sanitary equipment
130 jobs Number of planned job losses
Announcement Date
30 September 2011
Employment effect (start)
Foreseen end date
Description
Puukeskus, a Finnish wholesaler of construction materials, has announced redundancies of up to 130 employees. The company has initiated negotiations with employee representatives on the proposed cuts.
Puukeskus has approximately 600 employees in 23 locations Finland, all of which are subject to the negotiations. The company cites deteriorated market situation and poor outlook as reasons for its decision. In addition, Puukeskus has units in Estonia and Russia, but these are not involved in this restructuring.
Sources
30 September 2011: YLE Internet News
30 September 2011: Helsingin Sanomat
Citation
Eurofound (2011), Puukeskus, Internal restructuring in Finland, factsheet number 72449, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72449.
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