Foodora, the food delivery service, has announced its decision to terminate operations in Finland, effective February 27th. The company has informed its employees, couriers, and partners about this decision and the subsequent steps that will follow. The shutdown will affect approximately 80 paid employees of the service, which has been in operation in Finland since 2015 and expanded to over 100 cities and municipalities throughout the country.

The announcement comes amid a decline in food orders through the service, a trend highlighted when the company first hinted at potentially leaving the Finnish market two years ago. Although the company will cease its operations locally, it plans to continue investing in other European markets to maintain its leading position in the region. Foodora's exit marks a significant shift in the competitive landscape for food delivery services in Finland, especially considering that it was a prominent player since its arrival.

Foodora will communicate separately with its restaurant and retail partners as well as couriers regarding ongoing matters, including the termination of contracts and settling of outstanding payments. As the news evolves, it raises questions about the future of food delivery services in Finland and whether other competitors will capitalise on Foodora's exit or if the market will contract further.