GGP Sweden AB

Type
Internal restructuring
Country
Sweden
Region
Småland med öarna;
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.
190 jobs
Number of planned job losses
Job loss
Announcement Date
16 December 2002
Employment effect (start)
1 December 2002
Foreseen end date
1 December 2004

Description

GGP, which is faced with the competition of low-cost Asian countries, has decided to adapt the production process to the new market reality. Mats Antonsson, Magaging Director, argues that the company's production sites must specialise and that the Swedish branch needs to focus on high technological products.

Sources

Citation

Eurofound (2002), GGP Sweden AB, Internal restructuring in Sweden, factsheet number 59107, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59107.