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.
Kongsberg Automotive, that provides system solutions to vehicle makers, have to give notice to 60 employees. The notices at Kongsberg Automotive in Sweden are part of a downsizing measure due to declining orders from their customers in the car manufacturing industry.
Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and 11,000 employees in the world, provides system solutions to vehicle makers. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays.
Eurofound (2008), Kongsberg Automotive, Internal restructuring in Sweden, factsheet number 67440, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67440.