Retail giant S-Group's SOK plans to shed 130 jobs
SOK plans to reorganise and modernise its grocery trade, non-food retail, and specialty retail operations.
The cooperative retail group SOK, owned by Finnish regional cooperatives, has announced plans to reduce 130 jobs as part of a wider reorganization, according to a press release. The reduction will affect 900 employees across SOK's grocery trade, non-food retail, and specialty retail operations. CEO Hannu Krook stated that the company is seeking to modernize its business model to meet customers' evolving expectations and maintain its competitive edge.
SOK has already introduced numerous digital tools in its stores and now aims to streamline processes. Krook emphasized that while technology drives change, people and smooth processes remain crucial. The company plans to begin negotiations on August 25th and conclude them by mid-September. In addition to job cuts, SOK intends to create around 60 new positions and explore opportunities to redeploy affected employees into different roles within the organization.
Written by urgent.news from Yle News Finland's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
