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.
Ymer Technology is a Swedish company producing cooling systems that offers to large OEM in the industry (e.g. Caterpillar, Atlas Copco, Dynapac). In 2009, it established a manufacturing subsidiary in China to be closer to the Asian customers. In 2017, it decided to relocate the assembling phase of some product lines to its Swedish plant in Ljungby. The reshoring decision will reduce delivery times for European markets from 16 weeks to 2 days. At the same time, the company will reduce its exposure to the exchange risk. The relocation will be concluded by June 2018 after investing around 40 million SEK. The company announced the hiring of 50/60 unskilled employees, since assembling operations do not require any specific skill.
Eurofound (2017), Ymer Technology, Reshoring in Sweden, factsheet number 78, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78.