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.
The logistics centre of the retail giant S-Group in Kilo, Espoo, will be closed down by the end of 2018 due to a relocation and automatisation of services in Sipoo. The centre is run by the logistics company Transval Services, part of Transval Group. Employer-employee negotiations were initiated in March 2017 and concluded in July 2017. The negotiations encompassed all 470 employees, but the number of redundancies has remained open throughout the process. Dismissals will take place between summer 2017 and December 2018. The company seeks to offer work at other sites to as many of the affected employees as possible.
The relocation of the logistics centre was first announced in early 2015, when the Kilo centre was still owned by the S-Group logistics company Inex Partners and employed 1,400 people. Later in 2015, Inex Partners outsourced the Kilo centre, with 1,110 employees, to Transval. By the time of the employer-employee negotiations in March-July 2017, around 700 of the 1,110 employees had been offered other jobs. As of July 2017, the number of employees left in Kilo is 402, out of which 316 are full-time and 86 are part-time workers.
The new logistics centre of Inex Partners in Sipoo is intended to be fully operational in early 2018, but due to a higher degree of automatisation than in Kilo, it will only employ around 600 people.
Eurofound (2017), Transval Services, Relocation in Finland, factsheet number 91461, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91461.
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