Contitech

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Östra Mellansverige; Östergötlands län
Location of affected unit(s)
Motala
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
85 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/61802.