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EU proposes 2.5M euros to aid sacked Anttila and Stockmann workers

Some 1,500 former employees laid off from the Stockmann and Anttila retail chains are set to receive 2.5 million euros from the EU’s globalisation fund. Recipients can use the grant for professional education, re-training or entrepreneurship.

Image: Jari Peltoperä, Antti Pylväs / Yle

The European Commission has proposed 2.5 million euros in funding to help former employees of the Anttila and Stockmann retail chains find new work.

The support from the European globalisation fund will be used to help some 1,500 workers find new employment.

The funding can be used to get professional education and re-training. Recipients can also use the grant to set up in business.

The Commission’s suggestion must still get backing from the European Parliament and the EU Council of Ministers.

Online shopping erodes profitability

Anttila was established in 1952, however the global e-commerce trade began to erode the firm’s profitability and it eventually wound down operations at the beginning of this year.

Stockmann has been forced to shutter its Oulu department store, as online shopping reduced customer numbers and saw profits plummet by some 40 percent between 2012 and 2016.

Earlier this year Finland applied for – and received – 2.6 million euros to help get 800 former employees of Finnish networks company Nokia back into the workforce.