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 24.44 - Copper production
New offshoring locations
United States, Netherlands
177 jobs Number of planned job losses
Announcement Date
17 September 2012
Employment effect (start)
Foreseen end date
31 December 2013
Description
German-owned Aurubis, copper-bearing and secondary raw materials recycling company, has announced that it is to close down its production site in Finspång and dismiss all of its 177 employees. The production will be transferred to the United States and the Netherlands.
The decision to transfer the production from the Finspång plant to other production sites is a response to the declining demand in certain market segments, such as engine cooling which are produced in Finspång.
Aurubis currently has 6,200 employees and has 16 factories in eleven European countries and in the United States.
The measure is expected to be implemented by the end of 2013.
Sources
17 September 2012: www.nt.se
Citation
Eurofound (2012), Aurubis, Offshoring/Delocalisation in Sweden, factsheet number 74156, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74156.
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