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 Food And Beverage Manufacture Of Food Products 10.5 - Manufacture of dairy products
100 jobs Number of planned job losses
Announcement Date
19 April 2010
Employment effect (start)
19 April 2010
Foreseen end date
Description
Swedish local dairy producer Milko has announced that it will cut 100 jobs in northern Sweden. The company has previously cut some 200 jobs. The reason for this internal restructuring is that the dairy industry has seen increasing competitive pressure from larger foreign dairy producers with larger economies of scale and lower production costs and prices. Milko's streamlining measures are, according to the company, necessary in order to lower costs and therefore be able to compete with the larger European producers. Meanwhile, the operation is also to be centralised in and around Östersund.
Eurofound (2010), Milko, Internal restructuring in Sweden, factsheet number 70436, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70436.
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