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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
150 - 170 jobs Number of planned job losses
Announcement Date
14 January 2010
Employment effect (start)
1 April 2010
Foreseen end date
30 June 2010
Description
VSM Group, a manufacturer of advanced sewing machines, will relocate production from Sweden to China and dismiss 150-170 blue-collar workers from its only Swedish plant in Husqvarna by the end of June 2010.
This is due to decreased order intake. The measure will move all production to Shanghai, China. Only product development and marketing will remain in Huskvarna and approximately 60 jobs will remain. The relocation will be realized between April and June in order to strengthen the company's long-term competitiveness. The site had experienced restructuring measures including dismissals in recent years (12269, 6859).
VSM Group owns the trademarks Husqvarna Viking, Pfaff and Singer - all developers and manufacturers of advanced sewing machines for private use. The company has representations in around 40 countries.
Eurofound (2010), VSM Group, Offshoring/Delocalisation in Sweden, factsheet number 70072, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70072.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
