Type
Merger/Acquisition
Country
Sweden
Region
Location of affected unit(s)
Sector
Administrative Services
Employment Activities
Employment Activities
78 - Employment activities

250 jobs
Number of planned job losses
Job loss
Announcement Date
7 January 2004
Employment effect (start)
Foreseen end date
1 December 2004

Description

Manpower has taken over INgroup and will through this acquisition become the largest provider of staff services in the Nordic countries. The activities of INgroup will be transferred to Manpower at the end of February, providing the antitrust authorities approve the agreement signed between Manpower and INgroup. The agreement includes the take over of 850 employees, 250 of whom have recently been given notice. The remaining 600 employees will be transferred to Manpower by the end of 2004.


Sources

  • 7 January 2004: Press Release by INgroup and Manpower
  • 8 January 2004: Svenska Dagbladet

Citation

Eurofound (2004), INgroup, Merger/Acquisition in Sweden, factsheet number 58895, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58895.