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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
135 jobs Number of planned job losses
Announcement Date
9 October 2003
Employment effect (start)
Foreseen end date
Description
Acando Frontec aims at improving its profits by SEK 75 million through the implementation of a wide cost-reduction plan, which will lead to the lay-off of 135 employees. In the frame of this plan, Arcando Frontec has decided to close its offices in Luleå, where 69 people are currently employed, to lay off 27 administrative employees and to reduce its consultancy staff in Stockholm by 14.
Sources
10 October 2003: Svenska Dagbladet
9 October 2003: Arcando Frontec Press release (www.frontec.se)
Citation
Eurofound (2003), Arcando Frontec, Internal restructuring in Sweden, factsheet number 59813, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59813.
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