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.
In 2019, Telesteps, a Swedish company that specializes in telescopic ladders featuring patented triangular aluminum profiles, began relocating its production from China to Sweden. With an investment of half a million, the company set up a fully automated production line in Sweden, completing the move in 2022 and starting large-scale production of telescopic ladders. The strategic shift aimed to improve flexibility, control, and reduce long-term production costs compared to the previous operations in China. Telesteps embraced an environmentally conscious approach by working with suppliers within a five-mile radius of the newly constructed factory.Also it gained better control over production planning, leading to more seamless deliveries.
Eurofound (2022), Telesteps, Reshoring in Sweden, factsheet number 299, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/299.