NA-KD

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Stockholm;
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing
80 jobs
Number of planned job losses
Job loss
Announcement Date
31 October 2023
Employment effect (start)
5 February 2024
Foreseen end date

Description

The Swedish fashion-company NA-KD announced in the end of October that they will lay off 80 employees, which is about 28% of the company’s total number of employees, in an attempt to save SEK 150 million (about € 12,9 million) in costs. These cost-saving measures affect both employed workers and consultants.

According to NA-KD, the measure is done in order to return to profitability, as the company is expecting a decrease in profitability in the future.

In the spring of 2022 the company laid off 22 employees. NA-KD currently employs 287 people in Stockholm.

Sources

  • 31 October 2023: Jättevarsel på stukade modebolaget (www.di.se)

Citation

Eurofound (2023), NA-KD, Internal restructuring in Sweden, factsheet number 200480, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200480.