KMD

Type
Internal restructuring
Country
Denmark
Region
Danmark; Hovedstaden; Københavns omegn
Location of affected unit(s)
Ballerup
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.2 - Computer consultancy and computer facilities management activities
62.20 - Computer consultancy and computer facilities management activities
100 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2013
Employment effect (start)
1 March 2013
Foreseen end date

Description

IT-consultancy firm KMD announced on 28. January 2013 that 100 employees will be made redundant due to internal restructuring. It is reported that the restructuring takes place in order to adjust the business to the current market situation.

The concerned employees were informed the same day. Subsequently, the employees' representatives and the management will negotiate the final number of redundancies and other means to mitigate the effects of the restructuring.

KMD is owned by an American hedge fund.

Sources

  • 28 January 2013: Børsen

Citation

Eurofound (2013), KMD, Internal restructuring in Denmark, factsheet number 74905, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74905.