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 Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.7 - Retail Sale Of Other Goods In Specialised Stores
150 jobs Number of planned job creations
Announcement Date
16 October 2020
Employment effect (start)
16 October 2020
Foreseen end date
Description
Synsam, a Swedish eyewear manufacturer, decided to move its entire glasses production from China to Ockelbo, Sweden, where it plans to construct a new 6,000 square meters factory. The decision was driven by the company desire to enhance its resilience, reduce dependency on high-risk countries, and align with sustainability goals. The company invested SEK 250 million in the new facility hiring 150 people. The factory was planned for completion in late autumn 2021 and was expected to produce about one million glasses annually.
Håkan Lundstedt, the CEO of Synsam, explained that bringing production to Sweden aligned with their sustainability strategy, focusing on reducing climate impact and responding to consumer preferences for locally produced goods. The move is seen as an opportunity to create jobs in Sweden, improve product quality, and control working conditions.
Eurofound (2020), Synsams, Reshoring in Sweden, factsheet number 297, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/297.
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