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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
80 jobs Number of planned job losses
Announcement Date
15 September 2008
Employment effect (start)
15 April 2009
Foreseen end date
15 October 2009
Description
BAE Systems Bofors forms part of BAE Systems AB, together with BAE Systems Hägglunds and BAE Systems C-ITS. BAE Systems Bofors mostly produces missiles and ammunition. The company has announced that it is to lay off 80 workers at its Karlskoga plant.
The background to the reduction is a need to restructure in order to better equip the company to meet the demands of the global defence market. While some areas, like the affected unit in Karlskoga (Bofors), will be reduced in numbers, the company will also be searching for employees to fill new positions in other areas.
The international Group, BAE Systems, is a global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services.
Sources
16 September 2008: Svenska Dagbladet
16 September 2008: Dagens Industri
Citation
Eurofound (2008), BAE Systems Bofors, Internal restructuring in Sweden, factsheet number 67094, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67094.
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