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.
The primary aluminium producer Kubikenborg Aluminium (Kubal) will cut 70 jobs in Sundsvall instead of 80 as initially planned. 45 workers have already been given notice and 14 have been proposed early retirement schemes. 400 people are currently employed by the company in Sundsvall. The reasons put forward by the company for implementing this redundancy plan are low profitability, high electricity costs and technical improvements.
Eurofound (2005), Kubikenborg Aluminium, Internal restructuring in Sweden, factsheet number 61260, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61260.