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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
70 jobs Number of planned job losses
Announcement Date
10 March 2005
Employment effect (start)
Foreseen end date
Description
The primary aluminium producer Kubikenborg Aluminium (Kubal) will cut 70 jobs in Sundsvall instead of 80 as initially planned. 45 workers have already been given notice and 14 have been proposed early retirement schemes. 400 people are currently employed by the company in Sundsvall. The reasons put forward by the company for implementing this redundancy plan are low profitability, high electricity costs and technical improvements.
Sources
10 March 2005: Sveriges Television
10 March 2005: Sveriges Radio
10 March 2005: Sundsvalls Tidning
Citation
Eurofound (2005), Kubikenborg Aluminium, Internal restructuring in Sweden, factsheet number 61260, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61260.
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