Type
Internal restructuring
Country
Denmark
Region
Københavns amt;
Location of affected unit(s)
Ballerup
Sector
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.02 - Computer consultancy activities

120 jobs
Number of planned job losses
Job loss
Announcement Date
5 August 2014
Employment effect (start)
6 August 2014
Foreseen end date
31 August 2014

Description

Danish IT-consultancy company KMD announced plans to cut 120 jobs. As reported the cost saving measure is due to a competitive global environment in the sector and falling prices. KMD has 3,000 employees and is one of the biggest firms in the sector in Denmark. For a previous restructuring event see KMD-2013.


Sources

  • 5 August 2014: Børsen
  • 7 August 2014: The Copenhagen Post

Citation

Eurofound (2014), KMD, Internal restructuring in Denmark, factsheet number 77398, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77398.