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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.4 - Wholesale Of Household Goods
No information on job gains number available
Announcement Date
6 March 2023
Employment effect (start)
6 March 2023
Foreseen end date
Description
Kaptein Sabeltann AS has relocated the production of its pirate swords for children from China to Porsgrunn, Norway. The production is undertaken by the company Grepi Plast AS, which will produce over 15,000 swords per year. The move was driven by environmental considerations and proximity to the home market. This strategic shift not only reflects Kaptein Sabeltann AS’s commitment to sustainability and reduced carbon emissions but also aims to maintain cost competitiveness. The company ensures that prices for the pirate swords remain unchanged for consumers.
Eurofound (2023), Kaptein Sabeltann, Reshoring in Norway, factsheet number 293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/293.
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