Stockmann’s department store business to adjust its operations and personnel resources in the event of the coronavirus and initiates codetermination negotiations
STOCKMANN plc, Press release 17.3.2020 at 11:00 EETThe effects of the global coronavirus situation are expected to have a negative impact on the Stockmann Group's business environment in the short term.“The business environment in the retail sector has changed very rapidly due to the effects of the coronavirus, and we estimate that the current situation will have a significant impact on our sales in the short term. In this challenging situation adjustment measures are unfortunately essential to safeguard the company's operating conditions”, says Jari Latvanen, CEO of Stockmann plc.