Clas Ohlson announces 110 million in cost cuts and will cut 85 years – we turn every stone.
Swedish retailer Clas Ohlson reported on the past six months on Wednesday morning.
The report states that the company plans to reduce 110 million and will cut 85 years of work.
In the report, Klas Olsson writes that they have intensified their work to streamline the organization and make it more efficient:
In a more challenging market with increasing pressure on consumer power, it will become even more important for them to be able to help customers save money, the report notes.
In this regard, the company is reducing its workforce from 85 full-time employees.
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The company’s after-tax profit for the second quarter, which ran from August to October, was SEK 69 million. This is down from 148 million in the same period last year.
During this period, the company’s turnover amounted to SEK 2.2 billion. This is a six percent increase over the same period last year.
Operating result was SEK 112 million in the second quarter. This is down from 204 from the same quarter last year.
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