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.
Agriculture Agriculture, Forestry And Fishing Forestry And Logging 02.4 - Support services to forestry
197 jobs Number of planned job losses
Announcement Date
23 March 2009
Employment effect (start)
24 March 2009
Foreseen end date
29 October 2009
Description
Komatsu forest is forced to give notice to another 47 employees due to declining orders. This is the third notice from Komatsu since August. The first one affected 60 employees and was announced in August while the second was announced in November and affected 90 employees which together with the latest dismissal makes a total of 197 redundant employees.
According to the Union of Metalworkers (IF Metall), the notices are due to the current financial situation and the weakening market, however it was not expected that such a large number of employees would be concerned.
Komatsu Forest is a manufacturer of Valmet forest machines and operates in the area of mechanized logging. Komatsu forest is owned by the Japanese Komatsu Group which has over 30,000 employees in the world.
Sources
25 March 2009: Dagens Industri
15 November 2008: Svenska Dagbladet
Citation
Eurofound (2009), Komatsu Forest, Internal restructuring in Sweden, factsheet number 67679, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67679.
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