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.
The solar panel installation and service company Sesol announced in August of 2024 that they are reducing their workforce by up to 184 workers. After negotiations with the applicable trade unions, the number of dismissals was reduced to 134 workers, leaving on October 3rd, 2024.
The decision to reduce the workforce was due to unexpectedly low demand for the installation of new solar panels, caused by high interest rates driving down demand.
Sesol are closing down two units in Borlänge and Skövde entirely, while transforming two other units, in Norrköping and Trollhättan, into sales offices instead of service offices.
Eurofound (2024), Sesol, Internal restructuring in Sweden, factsheet number 202190, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202190.