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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.19 - Other research and experimental development on natural sciences and engineering
125 jobs Number of planned job losses
Announcement Date
12 March 2015
Employment effect (start)
16 March 2015
Foreseen end date
30 June 2015
Description
According to the daily papers Politiken and Børsen, the Danish producer of special designed radios, stereos and TVs, Bang & Olufsen (B&O), announced that 125 employees of the company's 1,000 Danish workforce will be made redundant. The main reasons, according to the management, are limited profitability despite rising revenues and supply-chain problems with subcontractors which are leading to unmet demand for the group's products. It is the intention to cut costs by around 100m DKK per annum. Job cuts will mainly take place in the AV-department that produces TVs and loudspeakers.
Sources
12 March 2015: Børsen.dk
12 March 2015: politiken.dk
Citation
Eurofound (2015), Bang & Olufsen, Internal restructuring in Denmark, factsheet number 78781, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78781.
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