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 Retail trade Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
60 jobs Number of planned job losses
Announcement Date
7 November 2017
Employment effect (start)
Foreseen end date
Description
The fashion retail chain Lindex announced it will reduce 60 jobs, mainly from its headquarters in Gothenburg, Sweden, where the company has some 400 employees. The reductions are part of a savings programme aiming at cutting expenses by SEK 100 million (€10.3 million) in 2018. The underlying reason for the savings programme is weakened sales, which followed from changing consumer behaviour, the company says.
Lindex is owned by the Finnish Stockmann department store chain, which has faced hardship in recent years.
Sources
7 November 2017: SvD
Citation
Eurofound (2017), Lindex, Internal restructuring in Sweden, factsheet number 92478, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92478.
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