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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
100 jobs Number of planned job losses
Announcement Date
19 November 2008
Employment effect (start)
19 November 2008
Foreseen end date
31 May 2009
Description
Finndomo, manufacturers of wooden housing and sheds, will lay off 100 employees in Sweden. This is their third redundancy announcement this year. They are downsizing their workforce due to declining demand for housing. The company is adjusting its production volume, reducing it by 50%, based on a prognosis from the business organisation for wooden houses and furnitures. The Finndomo group has 1,100 employees at nine units; four of them are located in Sweden with a total of 410 employees. Finndomo is the largest manufacturer of small houses in the Nordic countries with a turnover of €215 million.
Sources
Citation
Eurofound (2008), Finndomo, Internal restructuring in Sweden, factsheet number 67476, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67476.
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