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(will not be published)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

Total number of DIY stores in Italy increases by eleven

The number of DIY stores in Italy increased in the first six months of year to 768. Following 24 new openings and 13 closures, this adds eleven View news...

Timber prices and punitive tariffs dampen Home Depot expectations

The fall in the price of timber and the announcement of further punitive tariffs have caused Home Depot to downplay its sales expectations. Instead View news...

Exhibitors from 17 countries at Expo F and Inter Lumi

The dual trade show Expo F (hardware) and Inter Lumi (lighting) in Panama attracted 127 companies from 17 countries in Asia, Europe and North and View news...

Obi’s net sales increase by 5.5 per cent

The German market leader Obi increased its net sales in the last financial year by 5.5 per cent to EUR 6.4424 bn. Sales in Germany amounted to EUR View news...