Wolt: Restructuring Negotiations
Wolt is initiating restructuring negotiations in Finland, affecting approximately 30 job roles but not impacting its delivery riders.
Wolt, a food delivery service, has announced the commencement of restructuring negotiations in Finland, which will reportedly affect around 30 job roles within its operation. The company currently employs about 1,500 people in Finland and emphasized that their estimated changes will not impact the 10,000 couriers working in the country. This strategic move comes alongside Wolt's broader evaluation of its international business, reflecting the need to adapt organizational structures due to significant growth over recent years.
The CEO of Wolt, Marianne Vikkula, highlighted in a statement that the company has hired over 5,000 employees across its global offices in the last two years. Such rapid growth necessitates modifications to their organizational framework. The restructuring is seen as part of Wolt's efforts to streamline operations and make effective assessments of their international ventures, especially after the difficult decisions made to exit markets such as Japan and Uzbekistan.
Wolt's founder, Miki Kuusi, acknowledged the challenges of these decisions, emphasizing the importance of supporting the affected employees and partners during this transition period. The restructuring negotiations indicate a strategic pivot for Wolt as it seeks to establish a sustainable business model that can accommodate its rapid expansion while remaining responsive to market dynamics.