Restructuring events
European Restructuring Monitor (ERM)
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.
Manufacturer of air compressors, industrial power tools and construction and mining equipment Atlas Copco has given notice to 44 employees at its factory in Kalmar, as it faces declining demand due to the global financial crisis. Total number of employees in Kalmar before the redundancies was approximately 200.
Atlas Copco also gave notice on 4 December 08 (see separate factsheet Ref. 12898) to 68 employees out of 400 workers at the unit in Tierp and to 13 employees out of a total of 77 at the unit in Ockelbo on 19th January. Furthermore, Atlas Copco Group announced a streamlining initiative on 2nd February 09, which is expected to affect about 3 000 people worldwide in 2009.
Eurofound (2009), Atlas Copco, Internal restructuring in Sweden, factsheet number 68247, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68247.