Type
Merger/Acquisition
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

150 jobs
Number of planned job losses
Job loss
Announcement Date
17 October 2002
Employment effect (start)
1 January 2003
Foreseen end date
1 December 2004

Description

Slightly more than 150 positions will be affected over a two-year period. This decision has been made after the merger of Hemköp with the bulk seller D&D Dagligvaror. Trough this reorganisation the company expects to cut costs by 70 m SEK.


Sources

Citation

Eurofound (2002), Axfood, Merger/Acquisition in Sweden, factsheet number 59499, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59499.