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.
IT developer and consultant KMD is to make 275 staff redundant. Cuts are reported to occur across all units.
According to the management, this is due to falling prices and increasing competitiveness in the software business.
Negotiations started with worker representatives and will go on in the following weeks. Unions aim to reduce forced redundancies e.g. by a voluntary departure plan.
KMD is the largest IT company based in Denmark. It operates branches in Copenhagen, Aarhus, Odense and Aalborg, employing more than 3,000 staff in the country. Earlier in 2013, KMD had announced the dismissal of 100 workers.
Updated, 05-08-2014: As announced the final number of job cuts is 244.
Eurofound (2013), KMD, Internal restructuring in Denmark, factsheet number 76156, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76156.