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.
Swedish manufacturer of military vehicles BAE Systems Hägglund has initiated employer-employee negotiations aiming to cut 150 jobs. The reasons for the redundancies are fewer orders than expected. Only blue-collar workers are affected by the negotiations, and following 150 redundancies only 120 employees connected to the union IF Metall, the Swedish union for metal and industrial workers, will remain at BAE Systems Hägglund. Union representatives have expressed concern regarding the situation.
BAE Systems Hägglund previously cut 150 white-collar positions in June 2015.
Eurofound (2016), BAE Systems Hägglund, Internal restructuring in Sweden, factsheet number 86372, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86372.