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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.2 - Weaving of textiles
New offshoring locations
120 jobs Number of planned job losses
Announcement Date
12 October 2004
Employment effect (start)
Foreseen end date
31 December 2005
Description
Borås Wäfveri will relocate all its production activities from Borås (Rydafabriken plant) to Estonia. 120 workers will be affected by this redundancy plan, which has been decided as a result of the high cost level in Sweden and the hard competitive environment. Negotiations with trade unions haves already started. According to the CEO of the company, the plan should be completed at the end of 2005.
Sources
12 October 2004: Dagens Industri
Citation
Eurofound (2004), Borås Wäfveri, Offshoring/Delocalisation in Sweden, factsheet number 60666, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60666.
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