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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.24 - Manufacture of power-driven hand tools
1,000 jobs Number of planned job losses
Announcement Date
21 October 2022
Employment effect (start)
21 October 2022
Foreseen end date
Description
Husqvarna, the Swedish manufacturer of forest and garden equipment, has initiated cooperation negotiations with a plan to dismiss 1,000 people. The company has not yet specified in which geographical areas the dismissals are expected to take place.
The planned dismissals are part of larger savings package aimed at improving the company's efficiency following deteriorating profits. The company is also moving away from gasoline-fueled products towards more electrical and battery-driven ones. Investments required for this shift are partially funded by the reduced personnel costs.
Husqvarna is a multi-national company with around 14,000 employees worldwide. In Sweden, the company employs 3,000 people out of which 2,500 are located in the municipality of Huskvarna.
in 2017, the company hired 100 people in Husqvarna (Husqvarna-2017-SE).
Eurofound (2022), Husqvarna, Internal restructuring in Sweden, factsheet number 107641, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107641.
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