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.
Göteborg, Färgelanda, Todaholm, Trollhättan and Skara
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
280 jobs Number of planned job losses
Announcement Date
1 September 2008
Employment effect (start)
1 September 2008
Foreseen end date
1 October 2008
Description
IAC Group manufactures products for the global automotive industry. Their core areas of production are components for interior systems, carpet & acoustics products as well as exterior parts. IAC has 1700 employees in Sweden, divided up onto five units in Göteborg, Färgelanda, Todaholm, Trollhättan and Skara. Volvo and Saab, the company's two largest clients, has reduced their orderings by 20 percent in the last year, forcing IAC to restructure its activities. As a result of this, IAC plans to reduce its workforce by 280 employees during September. The reductions will affect all units equally.
Sources
2 September 2008: Dagens Industri
2 September 2008: Svenska Dagbladet
Citation
Eurofound (2008), IAC, Internal restructuring in Sweden, factsheet number 67030, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67030.
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