Type
Closure
Country
Denmark
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of automotive fuel
47.4 - Retail sale of information and communication equipment

300 jobs
Number of planned job losses
Job loss
Announcement Date
26 February 2016
Employment effect (start)
1 March 2016
Foreseen end date

Description

The Danish retail chain Fona have, for generations, sold radios and tvs to the Danes and more recently modern communication equipment are to close 25 out of 56 shops in Denmark, leading to 300 redundancies. The company entered into receivership in February, and the decision to close the shops was taken to save the company. The reason for the closure is heavy competition from large warehouses selling electronic equipment at low prices.


Sources

  • 26 February 2016: Borsen.dk

Citation

Eurofound (2016), Fona, Closure in Denmark, factsheet number 86630, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86630.