Market for car trade has weakened materially – K Auto Oy and K Caara Oy to initiate codetermination negotiations with personnel
The market situation for the Finnish car trade weakened materially during the first half of 2019. Due to the significant change in the market situation, K Auto Oy, which imports cars, and K Caara Oy, which engages in car retail, will initiate statutory codetermination negotiations with personnel representatives. It is estimated that the negotiations may lead to the termination of the employment of 190 people at the most.“During the first half of the year, new registrations of passenger cars in Finland decreased by more than 12% compared to the year before. This was due to factors such as