Kumatsu Forest

Type
Internal restructuring
Country
Sweden
Region
Norra Sverige; Övre Norrland; Västerbottens län
Location of affected unit(s)
Umeå
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
60 jobs
Number of planned job losses
Job loss
Announcement Date
22 November 2011
Employment effect (start)
22 November 2011
Foreseen end date

Description

60 of 443 employees at the company Kumatsu Forest, a manufacturer of forestry machinery, in Umeå, Sweden, have been issued with redundancy notices. In addition, 39 employees with fixed-term contracts will not have their contacts renewed as of January 2012. The internal restructuring process is due to anticipated weak demand in the market for forest machinery. 

Kumatsu Forset has restructured on several occasions in recent years. Please see the following related fact sheets for more information:13567, 12265.

Sources

  • 22 November 2011: Norrbottens Kuriren
  • 23 November 2011: Folkbladet.nu
  • 23 November 2011: TV4 Umeå

Citation

Eurofound (2011), Kumatsu Forest, Internal restructuring in Sweden, factsheet number 72764, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72764.