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.
Baettr, a manufacturing company that produces components for wind turbines, announced in August 2025 the closure of its plant in Guldsmedshyttan, resulting in the loss of 130 jobs. The shutdown is expected to begin in October 2025. The decision was driven by significant cost challenges and competition from low-cost alternatives. The plant’s operations will cease, and the company is exploring potential actors for continued industrial activity in the area.
Baettr’s foundry in Guldsmedshyttan employs around 130 people and has a long industrial history, dating back to the 1400s, making it one of the world’s oldest operating foundries according to the company.
Eurofound (2025), Baettr, Closure in Sweden, factsheet number 204632, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204632.