Finnveden Powertrain

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Alvesta, Kungsör, Moheda, torpsbruk, Trollhättan
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
256 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2009
Employment effect (start)
1 April 2009
Foreseen end date
1 September 2009

Description

Finnveden Powertrain, supplier to the global commercial vehicle industry, gave notice to 256 employees working in the Alvesta, Kungsör, Moheda, Torpsbruk and Trollhättan plants due to structural change and adjustment of production to the current market situation. The restructuring is intended to specialize production in each of the units: Alvesta, Moheda and Torpsbruk will be specializing in precision components, Kungsör in valve actuation and Trollhättan in connecting rods.

The company's customers are primarily producers of diesel engines for trucks, buses and construction equipment. Major customers include Volvo Powertrain, Scania, Ford, DaimlerChrysler, Bosch, Caterpillar and Haldex.

Sources

Citation

Eurofound (2009), Finnveden Powertrain, Internal restructuring in Sweden, factsheet number 68239, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68239.