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.
Oda, a Norwegian online grocery delivery company, announced the layoff of 150 employees from its product and technology development department. The majority of these jobs, approximately 120, are located in Oslo. The company has implemented layoffs through direct dismissals. The restructuring also includes organizational changes, with a new consolidated leadership team being established.
Oda recently merged with Swedish counterpart Mathem to optimize logistics and customer service in the region. The Norwegian branch has expanded significantly lately, and Oda has hired more than 400 drivers in the last year. The job cuts are part of Oda's strategic shift to focus exclusively on the Norwegian and Swedish markets, suspending further international expansion. The restructuring aims to achieve annual savings of up to NOK 200 million. The layoffs include 60 software engineers, with significant impacts on the company's technological development and operational efficiency. Affected employees are largely highly skilled, and many have reportedly already recieved job offers from multiple tech companies. The announcement has been met largely with understanding among employees and stakeholders, recognizing the necessity to secure Oda's future profitability. Consultations are held with employees as per legal requirements, ensuring compliance with labor laws. Trade union Tekna’s representatives have refrained from making public statements on the matter.
Eurofound (2024), Oda, Internal restructuring in Norway, factsheet number 201269, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201269.
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