Ovako Smedjebacken

Type
Internal restructuring
Country
Sweden
Region
Norra Sverige; Norra Mellansverige; Dalarnas län
Location of affected unit(s)
Smedjebacken
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.3 - Manufacture of other products of first processing of steel
24.3 - Manufacture of other products of first processing of steel
46 jobs
Number of planned job losses
Job loss
Announcement Date
26 November 2008
Employment effect (start)
25 March 2009
Foreseen end date
16 December 2009

Description

Ovako Smedjebacken announced the dismissal of 46 employees, because of a decrease in demand for steel. The total number of employees before the termination was 402. Ovako produces steel for the automobile industry.

The total number of employees in the Ovako group is 4300, out of which 2600 are employed in Sweden and 1160 in Finland. 

Sources

  • 26 November 2008: Svenska Dagbladet
  • 27 November 2008: Dagens Industri

Citation

Eurofound (2008), Ovako Smedjebacken, Internal restructuring in Sweden, factsheet number 67942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67942.