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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
1,400 jobs Number of planned job losses
Announcement Date
27 June 2024
Employment effect (start)
27 June 2024
Foreseen end date
27 December 2024
Description
IAC Group Sweden, a producer of automotive interior, has applied for bankruptcy on 27 June 2024. The company's 1,400 employees in Gothenburg, Färgelanda and Skara will be affected.
The effect of the pandemic is mentioned as one of the reasons for the financial situation, as the company in 2023 was the most indebted company in Sweden following the pandemic, with SEK 1.2 billion (€1 million) in tax liabilities.
In Sweden, the IAC Group produces automotive dashboards and door panels, where Volvo Cars is one of the customers.
Eurofound (2024), IAC Group Sweden, Bankruptcy in Sweden, factsheet number 201357, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201357.
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