EMCC European Monitoring Centre on Change

Top-sport

Company/Organisation:
Top-sport

Geographic Location

Country: Finland
Region: Manner-Suomi

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.64 - Retail sale of sporting equipment in specialised stores
Number Employed: 250

Employment Effects

Announcement Date: 07-10-2014
Planned Job Reductions min: 86
Planned Job Reductions max: 86
Type of Restructuring: Internal restructuring

Additional Information

Finnish sports equipment retailer Top-sport has initiated statutory negotiations to cut 140 positions from its chain of retail stores. The reduction of employees is explained by the decline in retail sales.

Top-sport currently runs 20 stores in all of Finland, of which 14 will be affected by the restructuring. Top-sport is now focusing its attention to boosting sales through its online store. 

Update, 08-12-2014: The outcome of the negotiations is that 86 positions will be made redundant from the company. The retailer will close down a total of eight stores in Finland.