Type
Internal restructuring
Country
Sweden
Region
Västsverige; Västra Götalands län;
Location of affected unit(s)
Gothenburg
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

60 jobs
Number of planned job losses
Job loss
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 and dismissed a total of around 1,000 employees in 2014-2016.


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.