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.
Sandvik, a Swedish mining and construction equipment group, has announced that it will cut 60 jobs in its site in Svedala. The source reports that external consultants and workers employed through recruitment agencies will also be at risk of redundancy.
The Svedala factory manufactures stone crushers for the mining industry and, according to the source, the cuts are due to a decrease in demand for Sandvik’s products caused by a general decline in the mining market.
The ERM has reported on previous restructuring events at Sandviken in 2008, 2011, 2012 and 2012.
Eurofound (2014), Sandvik, Internal restructuring in Sweden, factsheet number 76968, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76968.
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