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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
175 jobs Number of planned job losses
Announcement Date
2 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 March 2009
Description
The sewing machine manufacturer VSM Group has to decresase its production and give notice to approximatively 50% of their workforce due to declining sales on the American market, which is their main one. VSM Group covers three brands: Husqvarna Viking, Pfaff and Singer. The production site and the head office is located in Husqvarna.
Sources
3 December 2008: Dagens Industri
3 December 2008: Svenska Dagbladet
Citation
Eurofound (2008), VSM Group, Internal restructuring in Sweden, factsheet number 67683, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67683.
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