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.
Swedish heating, ventilation, and air conditioning solutions provider NIBE has announced that it will cut about 680 jobs in Europe.
The company revealed that 340 positions are expected to be cut in Sweden Nibe 2024 - SE, while ‘an equivalent number of positions’ is to be eliminated in other European countries (no specific locations are indicated as of now). The conditions of the programme are negotiated with employee representatives according to local regulations. The cost-saving programme will be especially carried out within NIBE Climate Solutions division. The move comes as demand for heat pumps in the construction market in Europe has declined.
NIBE employs nearly 22,000 staff worldwide.
Eurofound (2024), Nibe, Internal restructuring in European Union, factsheet number 200960, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200960.