Nibe AB

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Småland med öarna; Kronobergs län
Location of affected unit(s)
Markaryd
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
100 jobs
Number of planned job losses
Job loss
Announcement Date
20 September 2007
Employment effect (start)
1 January 2008
Foreseen end date
1 May 2008

Description

Nibe AB, a firm that develops and produces heating solutions for houses, is to cut 100 jobs at Markaryd. Management at the firm attribute the decision to recent financial results that were not as strong as expected. Nibe AB employ 1000 at Markaryd, and the job losses are due to implemented from January 2008 to May 2008.

Sources

  • 21 September 2007: Dagens Industri

Citation

Eurofound (2007), Nibe AB, Internal restructuring in Sweden, factsheet number 65901, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65901.