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 Of Other Goods In Specialised Stores 47.71 - Retail Sale Of Clothing In Specialised Stores
80 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200480.
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