Restructuring events
European Restructuring Monitor (ERM)
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.
Kährs, a Swedish flooring manufacturer and distributor, has initiated cooperation negotiations to make 100 employees redundant in Nybro, Sweden. The company plans to dismiss 95 blue-collar and 5 white-collar employees. In addition to the restructuring in Sweden, the company plans to reduce an additional 75 staff across Europe.
According to the company's press release, the redundancies are due to a reduction in demand for both renovation and new construction. Rising interest rates and high inflation are contributing to the fall in demand.
Kährs employs 1,475 people in 17 countries. The company delivers its flooring solutions to more than 70 countries out of which the Nordics, South & West Europe, the US and Russia are their key markets.
Eurofound (2023), Kährs, Internal restructuring in Sweden, factsheet number 108188, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108188.
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