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.
On September 3rd 2010, defense company BAE Systems' Swedish branch BAE System Hägglunds gave dismissal notices to 100 white collar and 50 blue collar employees in Örnsköldsvik, Sweden. The reason for the planned reduction in staff is the loss of an important order during the public procurement of the Swedish Ministry of Defence that concerned the production of 100 armoured vehicles. Company management has also decided to stop the production of the new combat vehicle SAP/Alligator. In the past two years 350 employees have already been dismissed from BAE Systems Hägglunds. ( See factsheet 14291, 10783).
Eurofound (2010), BAE Systems Hägglund, Internal restructuring in Sweden, factsheet number 70905, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70905.