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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


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