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.
Orrefors Kosta Boda, a glassworks group, is to reduce their workforce by 115 employees. The internal restructuring process will primarily affect blue-collar workers within glassworks in Orrefors, Kosta and Åfors (Sweden). The restructuring will be completed in mid-2012. The internal restructuring process is due to currency fluctuations as well as recession and decreased sales in the company's two key-markets the US and Greece.
Negotiations with the unions about the suggested redundancies are about to start.
Orrefors Kosta Boda is Scandinavia's largest glassworks group and is a subsidiary of the larger group New Wave.
Eurofound (2011), Orrefors Kosta Boda, Internal restructuring in Sweden, factsheet number 72828, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72828.
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