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.
Construction Specialised Construction Activities Specialised Construction Activities 43 - Specialised construction activities
140 jobs Number of planned job losses
Announcement Date
10 April 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008
Description
Forbo Flooring AB produces, sells and markets different kinds of floor and wall products. Due to harsh competition on the European market, prices have been forced down for many years, especially in Sweden which is the company's main market. It has led up to a situation where Forbo Parquet, the company's floor factory in Tibro, has suffered heavy losses. Consequently, Forbo Flooring is closing the factory down by the end of the year 2008 with the loss of 140 jobs.
Sources
10 April 2008: Dagens Industri
Citation
Eurofound (2008), Forbo Flooring AB, Closure in Sweden, factsheet number 66952, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66952.
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