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.
14 October: Kubal aluminium, a Russian aluminium manufacturer in Sweden, is to dismiss 90 employees. A redundancy notice for 65 employees was initially published and 25 employees were later added. 75 of the employees are blue-collar workers and 15 are white-collars. The negotiations are now finished and the result was a dismissal of 70 employees. The estimated time period for when the workers will leave the company is November 2008 - May 2009. Hence, some of the workers have already quit their jobs.
28 November: Kubal has once again been forced to give a notice to redundant workers due to a declining market. This time the notice concerns 120 jobs at the smelter in Sundsvall. The negotiations are not yet finished and no information is to be found on how many will lose their jobs. The second redundancy was announced on 28 November and the expected timeline for when the employees will leave the smelter is estimated to 1-30 June, 2009.
Kubal is owned by the Russian company Rusal, and they manufacture aluminium. Approximately 50% of the aluminium produced at Kubal is supplied to customers in Sweden, and the remaining 50% goes to European customers. The total workforce of the smelter is 500 people.
Eurofound (2008), Kubal Aluminium, Internal restructuring in Sweden, factsheet number 67442, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67442.