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.
The Swedish workwear manufacturer Fristad has announced the dismissal of 40 of its 250 employees. The affected positions are at the company’s unit in Borås. The company argued that the dismissals are motivated by the economic challenges of the COVID-19-pandemic. The company has lost 70%-80% of their orders due to the pandemic. In addition to the dismissals, the company has sought to respond to this drop in order volumes by temporarily laying off staff and by moving some of its staff members from administrative units to production.
Eurofound (2020), Fristad, Internal restructuring in Sweden, factsheet number 100733, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100733.