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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
300 jobs Number of planned job losses
Announcement Date
18 November 2005
Employment effect (start)
Foreseen end date
Description
The steel producer Outkumpu plans to cut 300 jobs in Sweden. The companys units Avesta and Torshälla will be the most affected with respectively 125 and 140 jobs being scrapped. Other plants will also contribute to the cost-cutting plan with staff reduction of between 10 and 20 employees. In Sweden, Outokumpu has about 3,000 employees working in the production of stainless steel.
Eurofound (2005), Outokumpu, Internal restructuring in Sweden, factsheet number 62536, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62536.
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