Euromaint

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Malmö, Västerås, Tillberga, Östersund
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
330 jobs
Number of planned job losses
Job loss
Announcement Date
31 October 2003
Employment effect (start)
Foreseen end date

Description

Euromaint will cut 330 jobs in the frame of a plan drawn to solve the overcapacity problems of the company. According to the CEO of Euromaint, the company is suffering the effects of the uncertainty of the economic agents and needs to adapt to the situation of the market. Euromaint has decided not to change its business orientations and will keep on focusing on its core business, but will change its organisational scheme through concentrating its activities and closing down some of its plants.

Sources

  • 31 October 2003: Press Release by Euromaint (www.euromaint.se)
  • 31 October 2003: Dagens Nyheter

Citation

Eurofound (2003), Euromaint, Internal restructuring in Sweden, factsheet number 60122, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60122.