Gränges

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Östra Mellansverige; Östergötlands län
Location of affected unit(s)
Finspång
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.4 - Manufacture of basic precious and other non-ferrous metals
24.42 - Aluminium production
75 jobs
Number of planned job losses
Job loss
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.   

Sources

Citation

Eurofound (2020), Gränges, Internal restructuring in Sweden, factsheet number 101560, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101560.