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Survey: More than a quarter of stores report an almost total slump in turnover – a 25% reduction in employee numbers

The survey, conducted by the Finnish Commerce Federation for member companies, reveals that almost two fifths of commerce sector companies report a slump of over 50% in turnover and, for more than a quarter, the drop has been in excess of 70%. More than 50% of commerce sector companies have reduced the number of employees, in most cases through layoffs. The Finnish Government’s support measures are ineffective in tackling the problems in commerce.