As a consequence, Stockmann will reduce 50 jobs in its marketing operations in Finland, of which 33 through redundancies and the rest mainly through retirements and internal moves within the company. At the beginning of the negotiations the personnel reduction need was estimated to be up to 70 people.
The aim is to improve the efficiency of marketing processes, better meet the requirements of the changing media environment and to achieve annual cost savings of approximately EUR 4 million. The savings will be implemented to start in 2014 and in full during 2015.
The reorganisation of marketing is part of the structural changes in Stockmann’s Department Store Division which are designed to achieve a more efficient cost structure and to improve competitiveness. In addition to the structural changes, Stockmann is targeting savings of over EUR 17 million by summer 2014 through reductions in fixed costs and via temporary lay-offs.
Textiles | On 7th Dec 2016
Kikani Exports, India based yarn supplier with 12 years of experience ...
Apparel/Garments | On 7th Dec 2016
Readymade garment (RMG) exports from Bangladesh increased by 6.39 per ...
‘The share of kidswear segment in the online sector is still small in...
‘France had a reputation of being big in new ideas, but poor in marketing...
'Hugo Boss works with carefully selected sourcing partners'
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...
Hyderabad-based designer Prathyusha Garimella is known for blending...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...