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
96 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67125.
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