Internal restructuring
Location of affected unit(s)
Sandviken, Hallstahammar
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24 - Manufacture of basic metals

295 jobs
Number of planned job losses
Job loss
Announcement Date
1 November 2011
Employment effect (start)
1 November 2011
Foreseen end date
30 June 2012


295 employees of Sandvik Materials Technology, a Swedish producer of stainless steel products, have been issued with redundancy notices. The reduction will affect 230 white collar workers in Sandviken as well as 20 white collar workers and 45 blue collar workers in Hallstahammar.

Sandvik Materials Technology is part of the Sandvik Group. The workforce reduction is a consequence of the Sandvik Group's new strategic direction for 2014. In addition to the redundancies in Sandvik's Materials Technology group, 70 white collar workers within the company subsidiary, Sandvik Mining and Construction, will be affected. The changes are expected to be completed during the first half of 2012.

The Sandvik Group had approximately 47064 employees globally in December 2010. Sandvik Materials Technology had 9058 workers globally. Sandvik mining and construction which specialices in rock-working equipment, tools used in mining and civil engineering had 15 455 employees globally.


  • 1 November 2011: Svenska Dagbladet
  • 1 November 2011: Sandvik


Eurofound (2011), Sandvik Materials Technology, Internal restructuring in Sweden, factsheet number 72665, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72665.