Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

350 jobs
Number of planned job losses
Job loss
Announcement Date
25 July 2003
Employment effect (start)
Foreseen end date

Description

Coop Norden has decided to implement a cost reduction plan to lower the staff costs of the company by SEK 70 million. 300 jobs will be cut in the context of this plan, which is a consequence of the big losses registered by the company during the two first quarters of the year.


Sources

  • 25 July 2003: Dagens Nyheter
  • 25 November 2003: Dagens Nyheter

Citation

Eurofound (2003), Coop Norden, Internal restructuring in Sweden, factsheet number 59008, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59008.