Type
Internal restructuring
Country
Norway
Region
Norge;
Location of affected unit(s)
Several locations
Sector
Wholesale / Retail
Retail trade
Retail sale of cultural and recreational goods
47.6 - Retail sale of cultural and recreational goods

120 jobs
Number of planned job losses
Job loss
Announcement Date
27 March 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Norli Gruppen, a bookstore chain owned by the Aschehoug publishing house, announced a downsizing of 120 man-labour years within the end of 2009. 10 out of 70 bookstores will be closed.

Norli had a deficit of 80 million NOK last year and stated in a press release that unprofitable acitivities will be discontinued. With the announced measures the company expects to achieve a surplus in 2010.


Sources

Citation

Eurofound (2009), Norli, Internal restructuring in Norway, factsheet number 68591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68591.