EMCC European Monitoring Centre on Change



Geographic Location

Country: Finland
Region: Uusimaa; Etelä-Suomi; Manner-Suomi
Location of affected unit(s): Helsinki


Sector: Information / communication
IT and other information services
62.09 - Other information technology and computer service activities
Number Employed: 503

Employment Effects

Announcement Date: 23-01-2023
Planned Job Reductions min: 290
Type of Restructuring: Internal restructuring
Employment Effect Start: 06-03-2023
Direct Dismissals: 290

Additional Information

The Finnish retailer of refurbished cellphones, Swappie, announces that up to 290 of its employees at the company’s refurbishment factory in Kalasatama, Helsinki, could be facing changes in their employment. The company plans to concentrate its refurbishment operations by moving repair operations outside Finland, mainly to Estonia and Germany.

Swappie has initiated cooperation negotiations with staff representatives, as an attempt to improve efficiency and cost savings. The company’s business activity has been affected by both rising inflation and decreasing web-sales. Rising interest rates have in turn made financing harder to come by for growth-oriented companies such as Swappie.  

Swappie was considering reducing its number of employees already in June 2022, by laying off up to 250 employees globally. Only a few months earlier the company had announced its goals to increase its staff by 1,000 employees by the end of 2022. During 2021 the company planned to hire up to 400 employees at its Helsinki office, and 200 people in Tallin, Estonia, due to rapid business growth and expansion. 

Swappie has around 1,000 employees globally, of which 503 were in August 2022 employed by the Finnish parent company.