HIAB AB

Type
Internal restructuring
Country
Sweden
Region
Norra Sverige; Norra Mellansverige; Gävleborgs län
Location of affected unit(s)
Hudiksvall
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
75 jobs
Number of planned job losses
Job loss
Announcement Date
12 May 2008
Employment effect (start)
24 September 2008
Foreseen end date
31 December 2008

Description

Hiab AB is a manufacturer of on-road load handling solutions under Cargotec Corporation. Due to reduced inflow of orders the Hiab factory in Hudiksvall is forced to reduce its amount of employees by approximately 75 persons during this year. To begin with, 35 of the employees will have to leave by September 24th, and as for the rest of the forboden 40 employees a decision will be taken after the summer vacation.

Sources

  • 13 May 2008: Svenska Dagbladet
  • 13 May 2008: Dagens Industri

Citation

Eurofound (2008), HIAB AB, Internal restructuring in Sweden, factsheet number 66655, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66655.