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Bang & Olufsen terminates every ten employees.

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Peter Pan
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Peter Pan posted on Mon, Mar 16 2020 3:00 PM

The redundancies will primarily take place in support functions in Denmark. - Sad

Click herehttps://translate.google.com/translate.

https://bo.eventcdn.net/20200316_update/

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kuyttendaele
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The Corona crisis will the end I guess :-(

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Sandyb
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Sandyb replied on Mon, Mar 16 2020 4:10 PM

tick tock tick tock....

Bieele
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Bieele replied on Mon, Mar 16 2020 4:10 PM

Very sad indeed.

An expected sales decrease of 20-29% is also quite alarming

kuyttendaele
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The Corona crisis will the end I guess :-(

Jaffrey2230
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Unfortunate whenever a company has to let employees go. Getting back to growth is tough and the company is in a rebuilding mode. The newer products will need to compete in a much more price sensitive market. I believe the new products are in the right direction. Hopefully they can turn it around since they have excellent audio and the best design in the industry. I hope they survive. B&O is one of my two favorite brands in the world :)

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KMA
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KMA replied on Mon, Mar 16 2020 7:18 PM
Peter Pan:

The redundancies will primarily take place in support functions in Denmark. - Click here . https://translate.google.com/translate .

Well, at least in customer support B&O has SO much slack...

/s

KMA

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Jeff
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Jeff replied on Mon, Mar 16 2020 7:47 PM

Ten percent? Luxury. I worked at one aerospace firm where we went from 16,000 employees down to 3700 in a year.

Jeff

I'm afraid I'm recovering from the BeoVirus. Sad

OldJack
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OldJack replied on Mon, Mar 16 2020 10:31 PM

Another 80% to be replaced by chinese,I guess...

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BeoBoy68
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Suggested by BeoBoy68

The brand will not go to its 100 years. It's sad.

If you can buy the product of your dreams before the end, do it.

mbee
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mbee replied on Tue, Mar 17 2020 12:23 PM

But what if the product of my dream was a special 100th years edition A9??? Cool

poodleboy
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BeoBoy68:

The brand will not go to its 100 years. It's sad.

If you can buy the product of your dreams before the end, do it.

And you think support is bad, now?

Jeff
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Jeff replied on Tue, Mar 17 2020 3:16 PM

poodleboy:

BeoBoy68:

The brand will not go to its 100 years. It's sad.

If you can buy the product of your dreams before the end, do it.

And you think support is bad, now?

Hey, at least the s/w updates that break things would stop.

Jeff

I'm afraid I'm recovering from the BeoVirus. Sad

Puncher
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9

Jeff:

poodleboy:

BeoBoy68:

The brand will not go to its 100 years. It's sad.

If you can buy the product of your dreams before the end, do it.

And you think support is bad, now?

Hey, at least the s/w updates that break things would stop.

10% less people to ignore you??

Ban boring signatures!

Jeff
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Jeff replied on Tue, Mar 17 2020 10:57 PM

Puncher:

9

Jeff:

poodleboy:

BeoBoy68:

The brand will not go to its 100 years. It's sad.

If you can buy the product of your dreams before the end, do it.

And you think support is bad, now?

Hey, at least the s/w updates that break things would stop.

10% less people to ignore you??

That means the others will have to work overtime at ignoring you!

Jeff

I'm afraid I'm recovering from the BeoVirus. Sad

kawo
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kawo replied on Wed, Mar 18 2020 8:00 AM

I listend to the recording of the call, one comment of a analyst was a positive feedback on the actions taken by the management, but with Corona crisis kicking in this is all now dust from yesterday unfortunately. Also not sure if I got it right but there was remark that Stage and Harmony may not have reached the sales numbers expected. 

(and I think support functions are not mainly customer support but more in regards HR, accounting etc.) Nevertheless very sad to hear. 

I also have the feeling that this could be the end of B&O and many dealers.

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