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 Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture Of Other Fabricated Metal Products N.E.C.
No information on job gains number available
Announcement Date
25 November 2016
Employment effect (start)
1 November 2016
Foreseen end date
1 April 2017
Description
WEP is a Swedish manufacturer of brazed plate heat exchangers (BPHE). The company has decided to consolidate its activities in Europe. In particular, the production plant in Switzerland's Tentlingen is going to close in order to concentrate production in the other two plants owned by the company in Sweden's Landskron and Slovakia's Kechnec near Kosice. The decision has been taken on 23 November 2016, and the transfer should be completed in the first quarter of 2017.
Eurofound (2016), SWEP SL, Reshoring in Slovakia, factsheet number 140, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/140.
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