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.
Wholesale / Retail 47 - Retail trade 47.1 - Non-specialised retail sale 47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
350 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/59008.