Orrefors Kosta Boda

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige;
Location of affected unit(s)
Orrefors, Kosta, Åfors
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
115 jobs
Number of planned job losses
Job loss
Announcement Date
12 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
30 June 2012

Description

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.

Sources

  • 12 December 2011: Dagens industri Webpage

Citation

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.