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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.2 - Manufacture of plastic products
45 jobs Number of planned job losses
Announcement Date
15 October 2019
Employment effect (start)
Foreseen end date
1 February 2020
Description
Plastic solutions manufacturing company Euroform announced its plans to dismiss 45 employees in the two production plants in Tranås, Småland. The company plans to finalise the restructuring event by 1 February 2020. The decision reportedly aims at increasing profitability. According to management, the company employs too many people in relation to production rates, which is expected to further decrease as a result of the trucking industry's decreased demand for plastic products.
Eurofound (2019), Euroform, Internal restructuring in Sweden, factsheet number 98894, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98894.
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