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 Manfacture for transport equipment Manufacture of other transport equipment 30.99 - Manufacture of other transport equipment n.e.c.
New offshoring locations
Italy
143 - 500 jobs Number of planned job losses
Announcement Date
16 October 2024
Employment effect (start)
1 June 2025
Foreseen end date
31 August 2025
Description
British manufacturing company GKN plc group, owner of GKN Driveline Köping, has announced the dismissal of 143 of its factory employees in Köping, Sweden. The affected employees have to leave their jobs by the beginning of the summer 2025.
In October 2024, the company announced a full closure of its factory in Köping. During that time, it was estimated that all approximately 500 current workers will be laid off when the closure of the factory happens in 2026. The production capacity of parts for four-wheel drive automotive systems of the Köping factory would be moved outside of Europe, according to the statement in October. The background to this decision is that the products being made at the factory sustain fossil-fuel cars, and the reduced demand for such vehicles, in favour of electric cars. End of February 2025, the company instead announced that production would be moved to Bruneck in Italy. Big parts of production would already be moved in the fall of 2025.
The closure is being negotiated with the union IF Metall, which was expecting the earlier announcement of offshoring. The change of plans and the move to Italy has instead stirred up feelings of disappointment among trade union members and employees, a representative of IF Metall explains to the newspaper Dagens Arbete.
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