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.
Lövholmen, Färila, Heby, Nyby, Kastet, Valbo, Skutskär and Katrineholm
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
150 jobs Number of planned job losses
Announcement Date
28 February 2008
Employment effect (start)
1 July 2008
Foreseen end date
31 December 2008
Description
Setra is the biggest manufacturer of wooden products in Sweden, with sawmills and refineries in 18 Swedish towns. Setra is now planning to reduce a total of 150 jobs in five of its sawmills (Lövholmen, Färila, Heby, Nyby and Kastet), two of its refineries (Valbo and Skutskär) and the distribution unit in Katrineholm, during the last half of the year 2008. The reduction is due to unusually high levels of stored wood in Europe after last year's storm which has led to extremely high levels of storage at Setra. The company says that they are hoping to be able to recreate the jobs again in 2009.
Sources
29 February 2008: Svenska Dagbladet
29 February 2008: Dagens Industri
Citation
Eurofound (2008), Setra, Internal restructuring in Sweden, factsheet number 66360, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66360.
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