Demant downgrades guidance and prepares to fire staff
The market for hearing aids is challenging, and Danish hearing giant Demant has now downgraded its expectations for 2022 and will cut 150-200 jobs.
by christian bundgaard, translated by catherine brett
Demant’s sales have disappointed, and the hearing aid giant has now decided to downgrade its full-year guidance and initiate ”cost reduction initiatives” that mean that 150-200 people across the group will lose their jobs.
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