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.
Pågen, a Swedish bakery company, is to let go of 100 employees mainly in Malmö and Gothenburg in an effort to improve profitability. The reductions are distributed on 50 jobs in Malmö, 30 in Gothenburg and 20 within the sales division across the country. Both white collar and blue collar jobs will be lost.
Pågen is a family owned company with a long history in Sweden. The turnover is approximately SEK2.3 billion (€267 million), but revenues have been low the last two years, prompting the restructuring.
Negotiations with the unions are to begin in the coming weeks.
Eurofound (2013), Pågen, Internal restructuring in Sweden, factsheet number 74853, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74853.
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