News | Cost reduction

Back

Clas Ohlson cuts up to 200 jobs

"We need new ways of working if we are to obtain a cost level that will enable us to continue to grow in an increasingly competitive market,” says Lotta Lyrå, president and CEO of Clas Ohlson.

"We need new ways of working if we are to obtain a cost level that will enable us to continue to grow in an increasingly competitive market,” says Lotta Lyrå, president and CEO of Clas Ohlson.

Swedish home improvement retailer Clas Ohlson is cutting 150 to 200 jobs, primarily in the headquarters and distribution centre in Insjön. This process will be carried out in several steps, with a first curtailment planned for spring 2019 and the whole process estimated to be finalised at the beginning of 2020. It is part of the action programme CO100+ and the cost savings targeted in this. The action programme is expected to reduce the company's annual costs by SEK 200 to 250 mio from the fiscal year 2020/21.

"Digitalisation is driving change in the entire society, and retail is no exception. We have already taken several steps to come closer to the customers, and the next step is to change our competence mix in order to be able to grasp the available opportunities. In addition, we need new ways of working if we are to obtain a cost level that will enable us to continue to grow in an increasingly competitive market," says Lotta Lyrå, president and CEO of Clas Ohlson.

| 5 February 2019


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Clas Ohlson’s like-for-like sales increase by two per cent

Swedish retailer Clas Ohlson increased its sales in the first nine months of fiscal 2018/2019 (May 2018 to January 2019) by 8 per cent to SEK 7.030 View news...

German DIY stores will make less sales from gardening in 2019

The garden market in Germany had a sales volume of EUR 18.595 bn in 2018. This corresponds to a growth of 1.4 per cent according to provisional View news...

Home Depot emphasises its commitment to the environment

Home Depot highlights its environmental commitment. The largest DIY store chain in the world has been put on the Climate Change "A" List by View news...

Silvan opens further inner-city store

The Danish DIY store chain Silvan has opened an additional city store in the Greater Copenhagen area. Following Fisketorvet and Nørrebro, it is the View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

6th Global DIY Summit 2018

Ledvance, future of lighting

Ledvance

LEDVANCE: Impulses for the future of lighting

More than 1 100 participants came to the 6th Global DIY Summit in Barcelona. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery