Power Finland to launch restructuring, risking up to 61 job losses and several store closures

Power Finland disclosed that it will start restructuring negotiations that could lead to the loss of as many as 61 jobs or substantial alterations to working conditions. The retailer is also considering closing its chain outlets in the towns of Lohja, Porvoo, Kotka and Järvenpää. Chief executive Juha-Mikko Saviluoto said the objective is to bolster the merchant-store network and enhance competitiveness and market position through cost-effective measures.

The company continues to invest in its own stores while continuously assessing and optimizing the store network as part of its growth strategy. Power’s long-term vision is built around a franchise model that it believes will fuel expansion across Finland. Recent coverage has highlighted the company’s frequent appearance in the news due to its gaming stores, and dozens of Gigantti locations have already been repainted in Power’s branding as merchant stores.