The company filed for bankruptcy with Vantaa district court on Wednesday.
The authority, however, said that the operation of the company would continue and the fates of the employees are yet to be decided.
“The shops will remain open until further decision in this regard,” said the president of the company Niila Rajala, adding that the situation of the workers are now depending on of the situation after further decision in this regard.
Rajala also pointed out that the company tried to solve the crisis in various ways but failed finally to avoid the bankruptcy.
