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.
Vedum (Västra Götaland), Göteborg (Västra Götaland), Bromma (Stockholm), Uppsala (Uppsala), Linköping (Östergötland) and Malmö (Skåne)
Sector
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31.02 - Manufacture Of Kitchen Furniture
100 jobs Number of planned job losses
Announcement Date
1 November 2023
Employment effect (start)
20 November 2023
Foreseen end date
Description
The Swedish kitchen and bathroom manufacturer Vedum has announced that it will have to lay off 100 employees. Of these 100 employees, 55 are blue-collar workers and 45 are administrative staff. The layoffs will primarily affect the factory in Vedum (Västra Götaland) but will also affect other showrooms across Sweden.
According to Vedum, the layoffs are because of rising inflation and rising mortgage rates, which in turn has reduced the demand for kitchen and bathroom renovations in the market. Cooperation negotiations concerning the layoffs will start in the middle of November.
Vedum currently employs 470 workers in their factory in Vedum as well as in showrooms across Sweden.
Sources
1 November 2023: Vedum Kök och Bad varslar om uppsägningar (www.mynewsdesk.com)
1 November 2023: Kökstillverkare varslar 100 anställda (www.svd.se)
Citation
Eurofound (2023), Vedum, Internal restructuring in Sweden, factsheet number 200465, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200465.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
