GN Store Nord

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Denmark, other locations
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.6 - Manufacture of irradiation, electromedical and electrotherapeutic equipment
26.60 - Manufacture of irradiation, electromedical and electrotherapeutic equipment
300 jobs
Number of planned job losses
Job loss
Announcement Date
10 November 2023
Employment effect (start)
10 November 2023
Foreseen end date

Description

The Danish manufacturer of hearing aids and headsets GN Store Nord has announced that it will cut 300 jobs worldwide.

Following the publication of the Q3 2023 financial results, the company has revealed that it will sell its headquarters in Ballerup, Denmark to Nordania Leasing. The redundancies will affect units in Denmark and other locations, but, so far, the company has not provided information in which countries they will be carried out.

Founded in 1869 in Denmark, GN Store Nord employs about 7,000 globally. The company operates in 24 countries within Europe, North America, South America, Asia, Australia and Oceania. Its products are present in about 100 countries worldwide.

Sources

Citation

Eurofound (2023), GN Store Nord, Internal restructuring in World, factsheet number 200584, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200584.