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.
Manufacturer of aluminium heat-exchanger strip for the heat exchanger industries, Sapa Heat Transfer, subisidiary of Sapa group, is to cut 65 jobs at its plant in Finspang, Sweden. As announced, in a bid to improve profitability, the restructuring is due to diminished demand from the automotive industry.
Negotiations with the unions have been initiated but as of August 2013, the timeline for the job reduction plans is not yet available.
For information on previous restructuring in the Sapa Group in Sweden see Sapa Profiler-2012 and Sapa Profiler-2008.
Eurofound (2013), Sapa Heat Transfer, Internal restructuring in Sweden, factsheet number 75800, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75800.
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