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 sports equipment retailer Top-sport has initiated statutory negotiations to cut 140 positions from its chain of retail stores. The reduction of employees is explained by the decline in retail sales.
Top-sport currently runs 20 stores in all of Finland, of which 14 will be affected by the restructuring. Top-sport is now focusing its attention to boosting sales through its online store.
Update, 08-12-2014: The outcome of the negotiations is that 86 positions will be made redundant from the company. The retailer will close down a total of eight stores in Finland.
Eurofound (2014), Top-sport, Closure in Finland, factsheet number 77676, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77676.