Bang & Olufsen laying off 55 employees

At the same time, the Danish audio and TV manufacturer is looking to hire 30 new software engineers

The Danish electronics manufacturer Bang and Olufsen has decided to lay off 55 employees as a consequence of the company’s new partnership with the South Korean electronics giant LG Electronics.

Forty-seven of the affected employees work at the company’s headquarters in Struer in west Jutland.

Christian Iversen, the HR manager at Bang & Olufsen, explained that LG Electronics will take over some of the company’s development tasks within mechanical and TV production.

Once the agreement is fully implemented over the next three years, B&O expects to save about 200 million kroner a year.

Hiring software engineers
Meanwhile, the company has announced plans to hire up to 30 software engineers.

“A large part of innovation and product development in audio and video is dependent on software and internet connectivity as much as on materials, aesthetics and acoustics,” said Iversen.

The new software engineers will be employed both in Struer and in the business department in Lyngby.