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. 28.1 - Manufacture Of General-Purpose Machinery
400 jobs Number of planned job losses
Announcement Date
23 October 2024
Employment effect (start)
23 October 2024
Foreseen end date
Description
Husqvarna, a Swedish manufacturer of garden equipment and tools, has announced plans to cut 400 jobs globally, including 200 positions in Sweden Husqvarna-2024-SE .
The layoffs are part of a cost-saving programme. In Sweden, the affected roles, primarily white-collar positions, are distributed across four locations: Stockholm, Husqvarna, Söderköping, and Jonsered.
The restructuring aims to save 500 million Swedish kronor annually, with most savings realized in 2025. This decision follows a 7% drop in net sales during Q3 2024, attributed to weak consumer spending, and aligns with Husqvarna's long-term strategy to shift investments towards robotic mowers, batteries, and professional products.
The company had previously announced 1,000 job cuts in 2022 Husqvarna-2022-SE and 300 more in 2023, mostly in the US, due to market challenges.
Eurofound (2024), Husqvarna, Internal restructuring in World, factsheet number 202151, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202151.
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