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.
Finnish household appliance chain Veikon Kone will close all its remaining 11 stores, with a loss of 100 jobs.
The owner of Veikon Kone, telecommunications company TeliaSonera, has tried to sell the chain for over a year but managed to sell only 5 stores. The company notes that the purchasing pattern for household appliances has increasingly moved from specialized stores to hypermarkets as well as online stores.
Eurofound (2012), Veikon Kone, Closure in Finland, factsheet number 73830, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73830.