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 24.1 - Manufacture of basic iron and steel and of ferro-alloys
85 jobs Number of planned job losses
Announcement Date
27 April 2012
Employment effect (start)
28 May 2012
Foreseen end date
31 December 2013
Description
Svenskt Stål aktiebolag (SSAB), a Nordic manufacturer of commercial steel, has announced that 85 white-collar jobs in Borlänge will be cut. This is equivalent to about ten percent of the employees. The reduction is part of a larger savings plan for SSAB in Europe. The workforce reduction process is expected to be completed by the end of next year.
SSAB wishes to reduce most of the workforce through natural attrition and negotiations will be conducted with the three unions concerned.
Sources
29 April 2012: sverigesradio.se
27 April 2012: svt.se
Citation
Eurofound (2012), Svenskt Stål aktiebolag SSAB, Internal restructuring in Sweden, factsheet number 73513, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73513.
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