Finnish restaurant group NoHo Partners has decided to cut 55 jobs and furlough around 600 other employees, the company announced on Tuesday.
The firm, which has a portfolio of around 250 restaurants in the Nordics including well-known brands such as Savoy, Stefan’s Steakhouse and Löyly, said it had concluded co-determination talks with employee union representatives that began in September.
The company said the reorganisation was necessary due to the financial impact that coronavirus-related restrictions had on its business.
In addition to the layoffs and part- or full-time furloughs, 15 current positions at the company will transition to part-time jobs, the firm said.
The group noted that it would continue to retain options for further layoffs until the end of May, with the final number of permanent redundancies to be specified at a later date.
Upper level staff
The company's reorganisation mostly centred around positions in management, administration and supervisory positions, the firm said in a statement.
The job cuts will chiefly come from the firm's management team, restaurant management and other posts, as well as high level sales and marketing jobs.
The firm said that the staff reductions will be handled via voluntary agreements, redundancies as well as the termination of workers who are only occasionally called to work.
NoHo said it initiated the redundancy process talks in order to adjust operations to deal with the coronavirus-related restrictions on restaurants implemented by the government.
The firm said the cuts were needed to minimise the financial impact of the pandemic and to adjust staffing levels to match declining customer volumes caused by the restrictions.
The co-determination negotiations covered all 1,300 of the firm's employees.