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 Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.92 - Manufacture Of Bicycles And Invalid Carriages
No information on job gains number available
Announcement Date
3 October 2016
Employment effect (start)
1 January 2017
Foreseen end date
Description
Cycleurope is a Swedish company belonging to the Grimaldi Industri group. It offers bicycles (traditional and electric ones) which are manufactured and assembled in its plants in Sweden, France and Italy. In 2017, it decided to relocate in Sweden (Varberg) the production of electric bicycles realized in France until then. The main reason for the relocation was customer proximity since the electric bicycles market is heavily growing in Sweden.
Eurofound (2016), Cycleurope , Reshoring in Sweden, factsheet number 59, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59.
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