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.
The Finnish bakery company, Fazer, has announced that it is to cut 91 full-and part-time jobs in its bakery Fazer Skogaholm in Eskilstuna, Sweden.
The notice is equivalent to 65 full-time positions. The reason behind the decision is reduced consumption of packaged bread.
Fazer's bakery in Eskilstuna has 295 employees and is the company's largest site. The company is a part of Fazer Group which has two business units, Fazer Food Services and Fazer Bakeries & Confectionery. Fazer Group operates in eight countries.
The negotiations between the unions and the company have begun. The seniority rules, also called the "last in, first out" principle, forming part of the Swedish Employment Protection Act, means young employees are most likely to be affected by the downsizing. The implementation of the measure is expected to start in January 2013.
As of September 2012, it is not known when the job losses will be implemented by.
Eurofound (2012), Fazer Skogaholm, Internal restructuring in Sweden, factsheet number 74083, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74083.