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 - Manufacture of other transport equipment
330 jobs Number of planned job losses
Announcement Date
31 October 2003
Employment effect (start)
Foreseen end date
Description
Euromaint will cut 330 jobs in the frame of a plan drawn to solve the overcapacity problems of the company. According to the CEO of Euromaint, the company is suffering the effects of the uncertainty of the economic agents and needs to adapt to the situation of the market. Euromaint has decided not to change its business orientations and will keep on focusing on its core business, but will change its organisational scheme through concentrating its activities and closing down some of its plants.
Eurofound (2003), Euromaint, Internal restructuring in Sweden, factsheet number 60122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60122.
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