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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
85 jobs Number of planned job losses
Announcement Date
24 May 2005
Employment effect (start)
Foreseen end date
Description
Contitech, which produces components for the automotive industry, will cut 85 jobs in Motala, where 350 workers are currently employed by the company. The reason for this decision is the price pressure carried out by the car industry and the reduced competitiveness from high-cost countries. Contitech announced that it would as a result of this new environment focus on the lorry branch.
Sources
24 May 2005: Svenska Dagbladet
24 May 2005: Sveriges Radio
Citation
Eurofound (2005), Contitech, Internal restructuring in Sweden, factsheet number 61802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61802.
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