Pågen

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Gothenborg, Malmö
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.7 - Manufacture of bakery and farinaceous products
10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
100 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2013
Employment effect (start)
Foreseen end date

Description

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. 

Sources

Citation

Eurofound (2013), Pågen, Internal restructuring in Sweden, factsheet number 74853, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74853.