Starkki and Puukeskus

Type
Merger/Acquisition
Country
Finland
Region
Location of affected unit(s)
Sector
Wholesale / Retail
46 - Wholesale trade
46.1 - Wholesale on a fee or contract basis
46.13 - Activities of agents involved in the wholesale of timber and building materials
100 jobs
Number of planned job losses
Job loss
Announcement Date
1 August 2014
Employment effect (start)
16 September 2014
Foreseen end date

Description

Finnish hardware and building supply chain Starkki and Puukeskus merged in July 2014 and have commenced employer-employee negotiations in order to cut staff with 100 employees. The reduction of staff is due to both overcapacity after the the merger and a decline in market demand. 

Sources

  • 16 September 2014: Press release Starkki
  • 1 August 2014: YLE.fi

Citation

Eurofound (2014), Starkki and Puukeskus, Merger/Acquisition in Finland, factsheet number 77446, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77446.