Preemraff

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige;
Location of affected unit(s)
Lysekil, Göteborg, Stockholm
Sector
Manufacturing
(19) Manufacture of coke and refined petroleum
19.2 - Manufacture of refined petroleum products and fossil fuel products
19.20 - Manufacture of refined petroleum products and fossil fuel products
130 jobs
Number of planned job losses
Job loss
Announcement Date
24 January 2012
Employment effect (start)
1 February 2012
Foreseen end date

Description

Swedish oil refinery Preemraff has given redundancy notices to 130 employees at its sites in Lysekil, Göteborg and Stockholm. The restructuring is due to start in February.

The restructuring was blamed on declining demand for refined oil products. The company is expecting to carry out the restructuring through early retirements and voluntary departures.

Preem Lysekil is Scandinavia's largest refinery with a capacity to refine 11.4 million tons of crude oil and oil components per year.

Sources

  • 24 January 2012: sverigesradio.se

Citation

Eurofound (2012), Preemraff, Internal restructuring in Sweden, factsheet number 73026, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73026.