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 glass and door manufacturer Elitfönster gives notice of termination of employment to 165 workers at three locations: Vetlanda, Lenhovda and Växjö. Among the 165 redundancies, 40 are administrative office workers. The reasons for this reduction is due to several factors; the high inflation, increasing interest rates, and insecure geopolitical conditions have slowed down growth in the construction and real estate sectors, which the window and door manufacturer is directly depending on. Due to these factors, Elitfönster saw a reduction of orders in 2023.
Negotiations with union parties will begin as soon as possible.
Elitfönster has 950 employees in Vetlanda, Lenhovda and Växjö in Småland.
Eurofound (2023), Elitfönster, Internal restructuring in Sweden, factsheet number 109153, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109153.