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 logistics company Tuko Logistics Cooperative is initiating employer-employee negotiations due to economic reasons. The negotiations concern all employees and may lead to up to 170 job reductions.
Tuko Logistics stated in a press release that the company has lost all its major clients and that, under the current circumstances, it will have to wind up operations and close its site in Kerava, Finland. The company’s annual turnover has decreased from €740 million in 2016 to less than €300 million in 2017.
Tuko Logistics had some 300 employees in 2016.
Two years ago, the company cut 215 jobs in the same region.
Eurofound (2018), Tuko Logistics Cooperative, Closure in Finland, factsheet number 94754, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94754.
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