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.
Nitator, a fabricated metal manufacturer, is to lay off 35 of 260 employees from two of its sites by 21st February 2009. The two sites in question are in Oskarström and in Hylte. The redundancies are due to decreasing demand from customers (among them Volvo and Scania). The recession in the car industry has forced large companies such as Volvo and many of their subcontractors to cut down on staff and production. The affected employees have already been informed that they are to leave the company on 21st February 2009.
Nitator is a family company within the manufacturing sector. Its customers include Volvo and Scania. Its growth rate has been high since 1983, when business activity was focused on contract production. The production plant in Oskarström focuses on sheet metal, robot welding, tool manufactur-ing and painting. The other plant is located in Hylte and works mainly with automated sheet metal pressing.
Eurofound (2008), Nitator, Internal restructuring in Sweden, factsheet number 67392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67392.