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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
75 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66655.
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