Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hägglunds, a Swedish manufacturer of military vehicles, plans to recruit 150 employees by the end of 2021. In addition, 100 consultants will be contracted. The recruited employees will work at the production unit located in Örnsköldsvik, northern Sweden.
The company signed a SEK 5 billion (approximately €500 million) contract with the Netherlands which requires the company to hire additional staff. Hägglunds will upgrade 122 armoured vehicles for the country. This is the second large contract the company has signed in the past months. In November 2020, the company signed a contract with Switzerland for increasing the lifespan of its military vehicles.
Hägglunds is part of BAE Systems, a multinational defence and security company. In Sweden, BAE systems also owns BAE Systems Bofors. According to BAE System’s website, the company employs approximately 1,100 in Sweden.
Eurofound (2021), Hägglunds, Business expansion in Sweden, factsheet number 103496, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103496.