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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
130 jobs Number of planned job losses
Announcement Date
25 February 2020
Employment effect (start)
Foreseen end date
1 September 2020
Description
Coop, one of the largest food retailers in Sweden, announced it plans to dismiss 130 in Falkenberg in summer 2020 as part of the process of acquiring all Swedish stores of the Danish food retailer Netto. The restructuring will impact 80 warehouse jobs and 50 administrative roles. Coop bought the Swedish Netto stores in May 2019 and has by now turned a majority of the Netto stores into Coop stores. As a result of this, the functions have integrated to a degree where there is no longer need for Netto’s warehouse and headquarters in Falkenberg.
Eurofound (2020), Coop, Merger/Acquisition in Sweden, factsheet number 99906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99906.
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