Brief: Stockmann To Close All Its Department Stores In Finland Due To Stricter Restrictions

Lindex Oyj

26/03/2021 10:03

March 26 (Reuters) - Stockmann Oyj Abp  STCBV.HE :
    * STOCKMANN PREPARES TO CLOSE ALL ITS DEPARTMENT STORES IN
FINLAND
DUE TO STRICTER CORONA VIRUS RESTRICTIONS AND INITIATES
CODETERMINATION NEGOTIATIONS
    * STOCKMANN PREPARES TO CLOSE ALL ITS DEPARTMENT STORES IN
FINLAND
DUE TO STRICTER CORONA VIRUS RESTRICTIONS AND INITIATES
CODETERMINATION NEGOTIATIONS
    * INITIATES CODETERMINATION NEGOTIATIONS ON LAYOFFS FOR
ENTIRE
STAFF IN FINLAND
    * STRICTER RESTRICTIONS CAUSED BY CORONA VIRUS SITUATION AND
NEGATIVE EFFECTS THESE HAVE ON BUSINESS.
    * NEGOTIATIONS CONCERN APPROXIMATELY 1 200 EMPLOYEES IN ALL
DEPARTMENT STORES AND SUPPORT FUNCTIONS IN FINLAND.
    * OPERATIONS IN STOCKMANN ONLINE STORE ARE CONTINUING AS
NORMAL
    * CODETERMINATION NEGOTIATIONS WILL BEGIN DURING WEEK 13,
WHERE
POSSIBLE LAYOFFS FOR A MAXIMUM PERIOD OF 90 DAYS WILL BE
NEGOTIATED IN A SITUATION WHERE DEPARTMENT STORES POSSIBLE ARE
FORCED TO CLOSE
    * INITIATES CODETERMINATION NEGOTIATIONS ON LAYOFFS FOR
ENTIRE
STAFF IN FINLAND DUE TO STRICTER RESTRICTIONS CAUSED BY CORONA
VIRUS SITUATION AND NEGATIVE EFFECTS THESE HAVE ON BUSINESS
    * AIM IS TO PREPARE NUMBER OF STAFF FOR A SITUATION WHERE
CUSTOMERS ARE NOT ABLE TO VISIT DEPARTMENT STORES
    * OPERATIONS IN STOCKMANN ONLINE STORE ARE CONTINUING AS
NORMAL.
    * NEGOTIATIONS CONCERN APPROXIMATELY 1 200 EMPLOYEES IN ALL
DEPARTMENT STORES AND SUPPORT FUNCTIONS IN FINLAND.
    * POSSIBLE LAYOFFS FOR A MAXIMUM OF 90 DAYS WILL BE
NEGOTIATED IN
A SITUATION WHERE DEPARTMENT STORES POSSIBLE ARE FORCED TO
CLOSE.

Source text for Eikon:  ID:nWkr1tmg0j 
Further company coverage:  STCBV.HE 

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