EMCC European Monitoring Centre on Change



Geographic Location

Country: Finland


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.73 - Wholesale of wood, construction materials and sanitary equipment
Number Employed: 600

Employment Effects

Announcement Date: 30-09-2011
Planned Job Reductions min: 130
Planned Job Reductions max: 130
Type of Restructuring: Internal restructuring

Additional Information

Puukeskus, a Finnish wholesaler of construction materials, has announced redundancies of up to 130 employees. The company has initiated negotiations with employee representatives on the proposed cuts.

Puukeskus has approximately 600 employees in 23 locations Finland, all of which are subject to the negotiations. The company cites deteriorated market situation and poor outlook as reasons for its decision. In addition, Puukeskus has units in Estonia and Russia, but these are not involved in this restructuring.