De la Rue

Type
Relocation
Country
Sweden
Region
Östra Sverige; Östra Mellansverige; Södermanlands län
Location of affected unit(s)
Eskilstuna, Flen
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.2 - Manufacture of other general-purpose machinery
28.23 - Manufacture of office machinery and equipment, except computers and peripheral equipment
150 jobs
Number of planned job losses
Job loss
Announcement Date
12 May 2005
Employment effect (start)
Foreseen end date

Description

The provider of cash handling solutions De La Rue will close down its plant in Eskilstuna and restructure its production unit in Flen, where parts of cash dispensers are produced. Some 150 workers will be affected by the decision, mostly in Eskilstuna. De La Rue, which will relocate the production in China, explained that the exchange rate of the Swedish Crown to the Dollar and the hard competition environment had been decisive factors in taking the decision. Negotiations with trade unions regarding the relocation of the production have already started.

Sources

  • 12 May 2005: Sveriges Radio
  • 12 May 2005: Svenska Dagbladet

Citation

Eurofound (2005), De la Rue, Relocation in Sweden, factsheet number 61577, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61577.