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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
120 jobs Number of planned job losses
Announcement Date
9 September 2008
Employment effect (start)
9 September 2009
Foreseen end date
31 December 2010
Description
Fortum, one of the leading energy companies in the Nordic region (foremost in Sweden and Finland), has announced that it is to cut 155 jobs by the end of 2010 (40 out of 300 jobs in Arbrå and 80 of the 230 jobs in Kungsbacka ). The job losses are due to an effort to decrease costs and enhance efficiency. Fortum has about 3,300 employees in Sweden today. Fortum’s activities include production and distribution of electricity and heating, management and maintenance of power plants and other energy-related services.
Sources
10 September 2008: Dagens Industri
10 September 2008: Svenska Dagbladet
Citation
Eurofound (2008), Fortum Group, Internal restructuring in Sweden, factsheet number 67099, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67099.
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