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.
The Danish manufacturer of hearing aids and headsets GN Store Nord has announced that it will cut 300 jobs worldwide.
Following the publication of the Q3 2023 financial results, the company has revealed that it will sell its headquarters in Ballerup, Denmark to Nordania Leasing. The redundancies will affect units in Denmark and other locations, but, so far, the company has not provided information in which countries they will be carried out.
Founded in 1869 in Denmark, GN Store Nord employs about 7,000 globally. The company operates in 24 countries within Europe, North America, South America, Asia, Australia and Oceania. Its products are present in about 100 countries worldwide.
Eurofound (2023), GN Store Nord, Internal restructuring in World, factsheet number 200584, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200584.
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