Kesko said Thursday that it was considering winding down a logistics hub in Kerava, southern Finland. The company will also begin job reduction talks at the facility, which currently employs 131 people.
According to Kesko, the background to the talks is the sale of its Anttila consumer goods subsidiary to German private equity investor 4K Invest one year ago.
One aspect of the deal involved a fixed-term agreement according to which Kesko would provide logistical services for Anttila at its Kerava logistics hub. Kesko HR and communications chief Jennie Stenbom said that the contract will end this spring, but the precise date is not publicly known.
Anttila has decided that it will not continue the agreement with Kesko, which has not found any alternative use for the storage facility.
Kesko’s director of hardware and specialty goods Tommi Kasurinen said the logistics centre was designed to handle the kinds of consumer products that Kesko no longer sells.
Broadcaster MTV also in job restructuring talks
Meanwhile commercial broadcaster MTV said it had begun employer-employee discussions on restructuring and savings.
The company said in a statement that so far the targeted headcount reduction is about 30 people. The discussions involve all company staff of about 200, with the exception of some 100 personnel from Mediahub Helsinki, who produce news content and maintain the company’s websites.
"The company is in a situation in which it must make its operations profitable. I have not come here to restructure but to create new growth. That’s why we are investing heavily in domestic TV production and we are doubling the budget for domestic entertainment content," said MTV CEO Jarkko Nordlund.
Nordlund took up the position of chief executive in January.