Segerström Automotive

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Östra Mellansverige; Södermanlands län
Location of affected unit(s)
Eskilstuna
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
90 jobs
Number of planned job losses
Job loss
Announcement Date
13 October 2008
Employment effect (start)
13 October 2008
Foreseen end date
13 February 2009

Description

Segerström Automotive, a sub-supplier of sheet metal components, will cut 90 jobs in Eskilstuna in Sweden by February 2009 at the latest. The redundancy notices at Segerström Automotive are an immediate consequence of the downsizing at Volvo Construction Equipment, one of Segerström's largest customers.

Segerström Automotive was founded in 1906 and is a sub-supplier of sheet metal components. Their customers are mainly in the automotive industry and include companies like Volvo and Scania. Since 2005 they have been part of the Canadian Group ISE Stamping Inc. Segerström Automotive have factories in Sweden (Eskilstuna), Estonia (Tallinn) and Belgium (Ghent) and at four locations in North America.

Sources

  • 15 October 2008: Dagens Industri

Citation

Eurofound (2008), Segerström Automotive, Internal restructuring in Sweden, factsheet number 67438, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67438.