Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2008), IAC, Internal restructuring in Sweden, factsheet number 67030, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67030.