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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
200 jobs Number of planned job losses
Announcement Date
30 June 2003
Employment effect (start)
Foreseen end date
Description
OM is implementing a cost reduction program which is estimated to lower the company's costs by SEK 578 m and result in lower revenues of SEK 105 m on a yearly basis. These measures aim to achieve sound profitability and create a stronger company in preparation for the merger with HEX. Redundancy measures are expected to lead to approximately 240 job losses. Approximately 200 of the 240 affected positions are in Sweden.
Sources
30 June 2003: Press Realease made by OM
Citation
Eurofound (2003), OM, Internal restructuring in Sweden, factsheet number 59975, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59975.
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