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 Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
100 jobs Number of planned job losses
Announcement Date
15 November 2017
Employment effect (start)
15 November 2017
Foreseen end date
Description
Kolonial.no, Norway's largest online supermarket, will lay off at least 100 employees, most of whom currently work at Kolonial.no's warehouse in Lørenskog. The company has experienced rapid growth, but has posted large net losses. The restructuring is reportedly a result of increased warehouse and logistics efficiency (resulting from various process improvements, not automation), in combination with a somewhat slower growth than expected. Investors have pushed for measures to improve the net results of the company.
Sources
15 November 2017: Dagens Næringsliv
15 November 2017: E24
Citation
Eurofound (2017), Kolonial.no, Internal restructuring in Norway, factsheet number 92500, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92500.
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