Internal restructuring
Östra Mellansverige; Örebro län;
Location of affected unit(s)
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.5 - Casting of metals

40 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2016
Employment effect (start)
Foreseen end date


Swedish steel company Ovako will implement cost reductions and internal restructuring resulting in the closure of the rolling mill in Hällefors and 150 redundancies. The reason for the internal restructuring is adaptation to diminishing demand. Negotiations between Ovako and local municipal officials as well as the county agency has been held. Ovako has a total of 500 employees in Hällefors and beyond staff employed at the rolling mill Ovako has staff working with sales, marketing and IT in Hällefors. 

The ERM has previously reported on redundancies at Ovako's facilities in Forsbacka and Hofors.

Update 13/6/2016:Ovako has changed their plans and the rolling mill in Hällefors will not be closed. Instead 40 employees will be made redundant and the rolling mill will keep operating. The concern leader Marcus Hedblom states that other ways to strengthen the company's competitiveness have been identified why there is no need to close the rolling mill.


  • 3 March 2016: www.ovako.com
  • 31 May 2016: Processnet.se
  • 3 March 2016: Sveriges Radio P4
  • 3 November 2015: Sveriges Radio P4


Eurofound (2016), Ovako, Internal restructuring in Sweden, factsheet number 86629, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86629.