Restructuring events
European Restructuring Monitor (ERM)
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.
Autoliv Inc. is a worldwide leader in automotive safety, such as seatbelts and airbags. As described in factsheet 11431, profits for the company in 2007-2008 were lower than targeted and the company has announced that it is to cut 3000 jobs before the end of 2009. The effects of this decision are now starting to show in Sweden. Autoliv AB, the Swedish part of the company, has announced the reduction of 60 jobs in the production unit in Hässleholm. The dismissals will start in late august.
Eurofound (2008), Autoliv, Internal restructuring in Sweden, factsheet number 66992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66992.