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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
105 jobs Number of planned job losses
Announcement Date
10 November 2008
Employment effect (start)
1 November 2008
Foreseen end date
30 June 2009
Description
Haldex, manufacturer of vehicle parts, is to lay off 105 workers in Sweden by mid 2009. 80 jobs will be cut in the company’s brake system operations and 25 jobs will be cut in the operations involving all-wheel drive systems (Traction). The lay offs are to adjust the company's cost structure to declining demand and increase production efficiency. As a feature of the cost-reduction program, the global workforce will be reduced by 700 employees no later than mid-2009.
Haldex, headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, focusing on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly 8 billion SEK with a total of 6,000 employees.
Sources
11 November 2008: Svenska Dagbladet
28 October 2008: Dagens Industri
Citation
Eurofound (2008), Haldex Traction Systems Divison, Internal restructuring in Sweden, factsheet number 67393, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67393.
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