Type
Internal restructuring
Country
Denmark
Region
KĂžbenhavns amt;
Location of affected unit(s)
Sector
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.0 - Computer programming, consultancy and related activities

244 jobs
Number of planned job losses
Job loss
Announcement Date
28 October 2013
Employment effect (start)
1 November 2013
Foreseen end date

Description

IT developer and consultant KMD is to make 275 staff redundant. Cuts are reported to occur across all units.

According to the management, this is due to falling prices and increasing competitiveness in the software business.

Negotiations started with worker representatives and will go on in the following weeks. Unions aim to reduce forced redundancies e.g. by a voluntary departure plan.

KMD is the largest IT company based in Denmark. It operates branches in Copenhagen, Aarhus, Odense and Aalborg, employing more than 3,000 staff in the country. Earlier in 2013, KMD had announced the dismissal of 100 workers.

Updated, 05-08-2014: As announced the final number of job cuts is 244.


Sources

  • 28 October 2013: Borsen
  • 5 August 2014: Borsen

Citation

Eurofound (2013), KMD, Internal restructuring in Denmark, factsheet number 76156, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76156.