Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Carl Hansen & Søn, a Danish luxury furniture manufacturer, has announced 140 job cuts which will impact skilled and unskilled employees across the company. In particular, employees at the factory in Gelsted will experience the highest proportion of the job cuts. The company's CEO has cited the decline in demand from their Northern European markets, inflated costs pressures in the supply chain and rising energy costs as factors contributing to the decision to reduce their workforce. While they believe turnover will remain as predicted for 2023, their will be a significant loss in profit.
Carl Hansen & Søn have previously had to reduce their workforce in 2022. This puts total dismissals within the year of 2022 at 197.
In operation since 1908, Carl Hansen & Søn is a Danish luxury furniture manufacturer from the island of Funen.
Eurofound (2022), Carl Hansen & Søn, Internal restructuring in Denmark, factsheet number 107834, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107834.
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