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 Food And Beverage Manufacture Of Food Products 10.11 - Processing and preserving of meat
266 jobs Number of planned job losses
Announcement Date
6 April 2005
Employment effect (start)
Foreseen end date
31 December 2007
Description
Swedish Meats will cut 266 jobs by 2006 to adapt to international competition. The redundancy plan will affect different plants, among which the plants located in Stockholm (46 jobs concerned), Skara (34 jobs), Kristianstad (26 jobs), Uppsala (32 jobs), Linköping (28 jobs) and Kävlinge (24 jobs). The company expects that the plan will lead to savings of 450 millions SEK for the period 2004-2006. After the implementation of the plan, the company will have 3,500 employees, compared to 5,900 in 2000.
Sources
6 April 2005: Press release by Swedish Meats
6 April 2005: Dagens Nyheter
Citation
Eurofound (2005), Swedish Meats, Internal restructuring in Sweden, factsheet number 61379, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61379.
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