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
New offshoring locations
Poland
125 jobs Number of planned job losses
Announcement Date
1 September 2005
Employment effect (start)
Foreseen end date
Description
The engineering group Finnveden will move the production of labour-intensive products from its unit in Hallstahammar (Sweden) to its plant in Poland. Some 125 out of 260 employees have been served with notice of termination of employment. Both production personnel and administrative staff at the production unit in Hallstahammar will be affected by the plan, which has been decided as result of the downward pressure on prices and the stiffening competition on the automotive industry.
Eurofound (2005), Finnveden, Offshoring/Delocalisation in Sweden, factsheet number 62180, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62180.
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