BE Group

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Wholesale / Retail
46 - Wholesale trade
46.1 - Wholesale on a fee or contract basis
46.12 - Activities of agents involved in the wholesale of fuels, ores, metals and industrial chemicals
75 jobs
Number of planned job losses
Job loss
Announcement Date
8 January 2013
Employment effect (start)
Foreseen end date

Description

BE Group, a trading and service company specialized in metal products, is to reduce staff in Sweden by 75 employees to strengthen competitiveness. The reduction is part of a larger restructuring plan affecting 140 people in Sweden and Finland.

The reduction scheme is expected to yield savings of SEK 65 million per year (€ 7.6 million) and incur one-time costs of SEK 30-35 million (€ 3.5-4.1 million). 

As of January 2013, there is no information about when the reductions will start taking effect or when they will be implemented by.

Sources

  • 8 January 2013: Sveriges Television
  • 8 January 2013: BE

Citation

Eurofound (2013), BE Group, Internal restructuring in Sweden, factsheet number 74737, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74737.