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
150 jobs Number of planned job losses
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.
Citation
Eurofound (2002), Axfood, Merger/Acquisition in Sweden, factsheet number 59499, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59499.