VSM Group

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Husqvarna
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
175 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/67683.