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
1,000 jobs Number of planned job losses
Announcement Date
4 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009
Description
Coop Sverige, which operated chain stores, is to lay off 1000 employees in Sweden from various business areas in the company. The job cuts are a result of a savings plan and it is planned to carry them out in 2009.
Coop Sverige operates shops in chains like Coop Forum, Coop Extra, Coop Konsum, Coop Nära, and Coop Bygg. Together with the retail consumer cooperative societies, Coop Sverige accounts for 21.4% of the entire Swedish FMCG sector. Coop Sverige is wholly owned by KF.
Sources
6 November 2008: Svenska Dagbladet
6 November 2008: Dagens Industri
Citation
Eurofound (2008), Coop, Internal restructuring in Sweden, factsheet number 67415, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67415.
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