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 Of Information And Communication Equipment In Specialised Stores 47.4 - Retail sale of information and communication equipment in specialised stores
300 jobs Number of planned job losses
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, Internal restructuring in Denmark, factsheet number 86630, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86630.
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