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 retailing conglomerate Kesko has initiated employer-employee negotiations concerning the closure of Rautakesko's logistics centre in Kerava. Up to 131 employees will be made redundant following the closure, although Kesko will try to find jobs for some of the logistic centre's employees in other branches of Kesko. The reason for the closure is that the department store chain Antilla will not extend its current contract regarding warehousing operations with Kesko. Antilla was previously owned by Kasko and the department store chain was sold last year.
The ERM has previously reported on internal restructuring at Kesko at in March and October 2014.
UPDATE 2016/06/27:Following concluded employer-employee negotiations 51 employees will be made redundant at Kesko. In total 131 jobs were cut but redundancies could be kept down by offering employees jobs in other Kesko departments, 80 of the 131 employees at the Rautakesko logistic centre in Kerava will remain at Kesko working with other tasks. The employees that were made redundant have either retired or found new jobs at other companies.
Eurofound (2016), Kesko, Closure in Finland, factsheet number 87280, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87280.
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