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.
Göteborg, Skara, Tidaholm, Trollhättan, Färgelanda and Tanumshede
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job losses
Announcement Date
18 January 2007
Employment effect (start)
Foreseen end date
Description
The car component producer IAC (International Automotive Components Group) is going to cut a total 200 jobs at its plants in Göteborg, Skara, Tidaholm, Trollhättan, Färgelanda and Tanumshede. The decision, announced on 18 January 2007 and involving 10% of the workforce, is the first step of the rationalisation plan defined by the company to improve efficiency and cut costs. Further lay-offs could be announced in 2008. 'The measures are necessary to ensure employement within the Swedish branch of IAC Europe', wrote Marcus Nyman in press release.
Sources
18 January 2007: Sveriges Radio
18 January 2007: Dagens Nyheter
Citation
Eurofound (2007), International Automotive Components Group, Internal restructuring in Sweden, factsheet number 64780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64780.
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