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 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
130 jobs Number of planned job losses
Announcement Date
27 October 2006
Employment effect (start)
Foreseen end date
30 June 2007
Description
Outokumpu will close down its steel tube production unit in Fagersta by mid-2007, as it was announced on 27 October 2006. Some 130 employees will be affected by this redundancy plan.
Negotiations with trade unions have already started. In a press release, Outokumpu explained that the two heat exchange tube production lines in the Fagersta unit would be transferred to Nyby (Torshälla) and that other changes would be carried out to improve competitiveness.
Sources
27 October 2006: Press release by Outokumpu
27 October 2006: Dagens Nyheter
Citation
Eurofound (2006), Outokumpu, Relocation in Sweden, factsheet number 64344, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64344.
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