Bang & Olufsen

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
220 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2009
Employment effect (start)
1 February 2009
Foreseen end date

Description

On 15 January 2009, Bang & Olufsen, a Danish producer of electronic audio and video equipment, announced that it is to cut 220 jobs worldwide (out of which 110 at the headquarters in Skjern, Denmark). The management explains that the current economic crisis and a lower level of activity have forced the company to restructure.

Sources

  • 15 January 2009: politiken.dk

Citation

Eurofound (2009), Bang & Olufsen, Internal restructuring in World, factsheet number 67808, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67808.