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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
40 jobs Number of planned job losses
Announcement Date
29 October 2008
Employment effect (start)
1 November 2008
Foreseen end date
1 May 2009
Description
Proton Finishing, which manufactures surface coatings such as paints and varnishes, is to lay off 40 employees across all in units in Sweden. This is in order to reduce costs to address a weakending market and lower consumer demand. The company's action plan starts by making 40 redundancies across all its units in Sweden.
Proton Finishing works with surface coatings in various materials and operates in Sweden and Denmark. They have customers in many sectors such as the motor industry, telecommunications and electronics.
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