Viking Timber

Type
Bankruptcy
Country
Sweden
Region
Södra Sverige; Sydsverige;
Location of affected unit(s)
Asarum, Rävsmåla, Rönås, Lönsboda
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.1 - Sawmilling and planing of wood; processing and finishing of wood
16.1 - Sawmilling and planing of wood; processing and finishing of wood
105 jobs
Number of planned job losses
Job loss
Announcement Date
7 January 2012
Employment effect (start)
9 January 2012
Foreseen end date

Description

Viking Timber, a manufacturer and exporter of timber products, has declared bankruptcy. All of the 105 employees at the four sawmills in Asarum, Rävsmåla, Rönås and Lönsboda(in Sweden) have been informed about the bankruptcy, which is due to liquidity crises and low sales in recent years. Viking Timber is a subsidiary of the group Andersson & Sjöberg.

Sources

  • 9 January 2012: Dagens Industri
  • 1 July 2012: Dagens Nyheter
  • 7 January 2012: webpage

Citation

Eurofound (2012), Viking Timber, Bankruptcy in Sweden, factsheet number 72952, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72952.