Internal restructuring
Location of affected unit(s)
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

370 jobs
Number of planned job losses
Job loss
Announcement Date
24 September 2012
Employment effect (start)
Foreseen end date


Kesko, a Finnish wholesale and retail group (also known as K group), has announced redundancies of up to 370 employees. The company has started negotiations with employee representatives on the cuts.

Subject to Kesko's negotiations are 3000 employees. Excluded are jobs in Kesko's grocery stores and Citymarket supermarkets. The company seeks to save 100 million Euros and cites weak economy and rising costs as the reasons for its action.

Chairperson of the union PAM called the redundancies 'shocking'. She stated that Kesko's results have generally been good and emphasised the role of staff in trade activities. Kesko's union has also criticised the employer for announcing redundancies in several phases.



Eurofound (2012), Kesko, Internal restructuring in Finland, factsheet number 74328, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74328.