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 Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
New offshoring locations
China, Romania
100 jobs Number of planned job losses
Announcement Date
12 October 2006
Employment effect (start)
Foreseen end date
Description
The lock manufacturer Assa Abloy is going to cut 100 out of 400 jobs in Eskilstuna. The management declared that benefits were too low and that, consequently, part of the production needed to be transferred to China and Romania. Thomas Perman, CEO of the company, said that further restructuring measures may be approved depending on next year's business trends.
Sources
12 October 2006: Dagens Industri
12 October 2006: Sveriges Radio
8 February 2007: Sveriges Radio
8 February 2007: Dagens Nyheter
Citation
Eurofound (2006), Assa Abloy, Offshoring/Delocalisation in Sweden, factsheet number 64263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64263.
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