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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture of basic metals
100 jobs Number of planned job losses
Announcement Date
18 January 2012
Employment effect (start)
18 January 2012
Foreseen end date
18 July 2013
Description
Swedish producer of stainless steel products Sandvik reduces their workforce in Hallstahammar by 100 people in the business area Materials Technology. The workforce reduction will take place during the next 18 months.
The purpose, according to the company is to enable a shift in the product mix to develop more advanced and profitable products in important key segments, such as the energy sector. In November 2011 an additional 295 employees were made redundant at Sandvik, 230 in Sandviken and 65 in Hallstahammar, see factsheet 19064.
Sources
18 January 2012: Dagens Industri
Citation
Eurofound (2012), Sandvik, Internal restructuring in Sweden, factsheet number 73171, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73171.
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