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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.30 - Manufacture Of Agricultural And Forestry Machinery
100 jobs Number of planned job losses
Announcement Date
26 August 2024
Employment effect (start)
31 December 2024
Foreseen end date
Description
The Swedish manufacturer of agricultural machinery Väderstad has initiated cooperation negotiations with a plan to cut 100 jobs at its facility in Väderstad, Sweden. The job cuts affect both white-collar and blue-collar employees, who are facing 70 and 30 cuts respectively. Employment effects start at the end of 2024.
Väderstad states that the past year has been financially difficult as demand of new agricultural machinery has been negatively affected by the dire economic situation of the agricultural sector. The now announced lay-offs are following an already large savings programme implemented in the past year. In the spring of 2024 Väderstad let go 45 employees as well as discontinued contracts with external consultants.
Eurofound (2024), Väderstad, Internal restructuring in Sweden, factsheet number 201536, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201536.
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