Finnveden Metal Structures

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Sydsverige; Blekinge län
Location of affected unit(s)
Olofström
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
96 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2008
Employment effect (start)
26 January 2009
Foreseen end date
26 January 2010

Description

Finnveden Metal Structures manufactures products and components made of steel, aluminium and magnesium for the automotive sector and general industry. The production processes involve stamping, die casting and joining. The reduction of 96 employees at the unit in Olofström is due to decreased inflows of orders from the vehicle industry as well as to a desire to increase efficiency.

Sources

  • 24 September 2008: Dagens Industri
  • 24 September 2008: Dagens Industri

Citation

Eurofound (2008), Finnveden Metal Structures, Internal restructuring in Sweden, factsheet number 67125, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67125.