Kährs

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Småland med öarna; Kalmar län
Location of affected unit(s)
Nybro
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
100 jobs
Number of planned job losses
Job loss
Announcement Date
12 January 2023
Employment effect (start)
1 April 2023
Foreseen end date
31 December 2023

Description

Kährs, a Swedish flooring manufacturer and distributor, has initiated cooperation negotiations to make 100 employees redundant in Nybro, Sweden. The company plans to dismiss 95 blue-collar and 5 white-collar employees. In addition to the restructuring in Sweden, the company plans to reduce an additional 75 staff across Europe.

According to the company's press release, the redundancies are due to a reduction in demand for both renovation and new construction. Rising interest rates and high inflation are contributing to the fall in demand.

Kährs employs 1,475 people in 17 countries. The company delivers its flooring solutions to more than 70 countries out of which the Nordics, South & West Europe, the US and Russia are their key markets.

Sources

Citation

Eurofound (2023), Kährs, Internal restructuring in Sweden, factsheet number 108188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108188.