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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
463 jobs Number of planned job losses
Announcement Date
21 February 2005
Employment effect (start)
Foreseen end date
Description
Ericsson announced it will close its factory in the Swedish city of Nynäshamn. In a statement, Ericsson's CEO Carl-Henric Svanberg said that the production requires less labour, forcing Ericsson to scale down its production units. 463 employees, out of whom 264 are blue-collar workers, are affected by the decision. About 70 of them will be transferred to other facilities in the cities of Kumla and Katrineholm, and in high-tech suburb Kista.
Sources
21 February 2005: Press release by Ericsson
Citation
Eurofound (2005), Ericsson, Closure in Sweden, factsheet number 61262, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61262.
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