Stockmann has completed negotiations with the staff of Seppälä and announced that a total of 70 jobs will be reduced at the head office and warehouse of the struggling fashion chain. The traditional retailer stated that it will downsize the operations of Seppälä to concentrate solely on its best-performing stores in Finland and Estonia. Seppälä will therefore pull out of the Latvian and Lithuanian markets entirely in the course of next year.
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70 employees face the axe at Seppälä
Stockmann on Thursday also announced that its new strategic objective is to improve its long-term competitiveness. It also assured that it remains committed to the retail business through its own retail brands, Lindex and Stockmann.