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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
100 jobs Number of planned job losses
Announcement Date
19 September 2008
Employment effect (start)
1 October 2008
Foreseen end date
30 June 2009
Description
Orrefors Kosta Boda is a glassworks group, owned by the New Wave Group. They produce and sell handmade glass for everyday use as well as art objects. Currency fluctuations, recession in general and in the USA in particular, increased costs in energy, wages, interest rates and production, increased store levels and decreased sales levels are all factors that contribute to the company decision to reduce the workforce by 100 employees in Kosta and Orrefors. The reductions will be completed in mid 2009.
Sources
20 September 2008: Svenska Dagbladet
20 September 2008: Dagens Industri
Citation
Eurofound (2008), Orrefors Kosta Boda, Internal restructuring in Sweden, factsheet number 67112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67112.
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