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 Food And Beverage Manufacture Of Beverages 11 - Manufacture of beverages
80 jobs Number of planned job losses
Announcement Date
5 September 2008
Employment effect (start)
1 October 2008
Foreseen end date
1 October 2010
Description
Vin & Sprit is a Swedish manufacturer of alcoholic beverages founded as a state-owned company in 1917. One of their most famous brands is Absolut Vodka. In the summer of 2008, V&S was bought by the French beverage company Pernod Ricard and therefore, the V&S headquarter in Stockholm does not need any personnel with group management functions anymore. The 80 people who are given notice will not have to quit directly, but they will leave according to their employment agreements. Some will stay for as long as two years according to their agreements.
Sources
9 September 2008: Svenska Dagbladet
Citation
Eurofound (2008), Vin & Sprit, Merger/Acquisition in Sweden, factsheet number 67253, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67253.
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