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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
150 jobs Number of planned job losses
Announcement Date
13 June 2019
Employment effect (start)
13 June 2019
Foreseen end date
Description
Finnish department store chain Stockmann has completed employer-employee negotiations, resulting in approximately 150 job reductions. Most of the job cuts will be carried out through dismissals. The number of sales personnel will not be affected.
Stockmann introduces a new organisational structure as of 1 July 2019. The company aims at savings of €40 million by spring 2021.
In 2017, Stockmann Group had some 7,360 employees globally and some 2,200 in Finland.
For recent restructuring cases reported in the ERM, see Stockmann 2016 and 2015.
Eurofound (2019), Stockmann, Internal restructuring in Finland, factsheet number 97977, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97977.
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