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 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.
Eurofound (2023), Vedum, Internal restructuring in Sweden, factsheet number 200465, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200465.