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.
Moelven Modus AS, a Norwegian manufacturer of interior solutions for office buildings, announced a reduction of up to 80 employees due to a weak market situation. The restructuring will affect all functions, including administration, factory operations, and staff associated with all of the companys eight regional offices across the country.
The decision to downsize is attributed to the challenging times faced by the construction industry, which has led to a decline in order intake. High costs, high interest rates, and uncertainties in the construction sector have resulted in fewer projects being initiated and existing projects being delayed. The restructuring process commenced with all employees being informed on the morning of May 13, 2024. The specific strategies for job reductions have not been detailed. However, the company emphasizes maintaining full production operations, while being in close dialogue with employee representatives to manage the restructuring process and ensure employees receive adequate information and support.
Moelven Modus AS is part of the Moelven group, which includes 34 companies in the construction sector with 3,300 employees and production facilities in Norway and Sweden.
Eurofound (2024), Moelven Modus, Internal restructuring in Norway, factsheet number 201203, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201203.