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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.02 - Computer consultancy activities
100 jobs Number of planned job losses
Announcement Date
28 January 2013
Employment effect (start)
1 March 2013
Foreseen end date
Description
IT-consultancy firm KMD announced on 28. January 2013 that 100 employees will be made redundant due to internal restructuring. It is reported that the restructuring takes place in order to adjust the business to the current market situation.
The concerned employees were informed the same day. Subsequently, the employees' representatives and the management will negotiate the final number of redundancies and other means to mitigate the effects of the restructuring.
KMD is owned by an American hedge fund.
Sources
28 January 2013: Børsen
Citation
Eurofound (2013), KMD, Internal restructuring in Denmark, factsheet number 74905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74905.
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