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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
75 jobs Number of planned job losses
Announcement Date
26 August 2020
Employment effect (start)
Foreseen end date
Description
Gränges, a Swedish producer of aluminium products, plans to dismiss 75 employees on its production site in Finspång, southeastern Sweden. This plan affects 50 blue-collar workers and 25 white-collar workers.
According to the company, restructuring is needed to adjust to the current market. Gränges argues that COVID-19 pandemic has had a significant impact on the company.
According to its website, Gränges has in total 1,800 employees. Approximately 460 of them work on the production site in Finspång.
Eurofound (2020), Gränges, Internal restructuring in Sweden, factsheet number 101560, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101560.
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