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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
98 jobs Number of planned job losses
Announcement Date
18 November 2005
Employment effect (start)
Foreseen end date
Description
The car components producer Valeo will cut 98 out of some 500 jobs in Mjällby (89 blue-collar jobs and 9 white-collar jobs). This redundancy plan is the second to be announced by the company in 2005. Already in May, some 99 workers had been dismissed. The reasons for this redundancy plan are reduced orders and tightening competition. Part of the production will be relocated outside Sweden. Further information regarding the plan has not been published.
Sources
18 November 2005: Sveriges Television
18 November 2005: Sveriges Radio
Citation
Eurofound (2005), Valeo, Internal restructuring in Sweden, factsheet number 62535, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62535.
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