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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
245 jobs Number of planned job losses
Announcement Date
6 September 2008
Employment effect (start)
1 January 2009
Foreseen end date
1 July 2009
Description
Kährs, Europe's biggest wood flooring manufacturer, located in Nybro, Småland has given notice of 245 job losses. Reasons cited are expectations of decreasing sales due to the weak real estate market and the financial recession. To secure the company’s long-term plans of expansion of the Nybro factory, it is a necessary as short-term measure to let these employees go.
The company traces its origins to 1857 when Johan Kähr started a small turning shop and began producing wooden articles for local farmers.
Sources
6 September 2008: Dagens Industri
6 September 2008: Svenska Dagbladet
Citation
Eurofound (2008), Kährs, Internal restructuring in Sweden, factsheet number 67203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67203.
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