Restructuring events
European Restructuring Monitor (ERM)
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.
Swedwood Tibro AB, manufacturer of wood based furniture, has announced that it is to dismiss all of its 221 employees in Tibro, Sweden. The announcement is the result of a declining demand over several years.
Swedwood Tibro AB is a subsidiary of Swedwood International AB, which has approximately 16 400 employees in ten countries and forms a part of Ikea Industry Group.
As of September 2012 it is unknown whether Swedwood Tibro AB will be sold or closed. The timeline for the dismissals is also yet to be announced.
Eurofound (2012), Swedwood Tibro, Closure in Sweden, factsheet number 74063, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74063.