Restructuring events
European Restructuring Monitor (ERM)
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.
Isover, manufacturer of glass wool insulation, has given redundancy notice to 55 employees in Billesholm in Sweden. This is as a result of decreasing sales in the construction market. The affected employees mainly work in the production field, although some white collar workers may be affected as well. According to Niels Christian Larsen, CEO of Isover, the redundancies are necessary to ensure stability in the company. Information on which employees are being made redundant cannot be released yet due to negotiations with the trade unions.
Isover is owned by the French company Saint-Gobain, which has more than 1,200 consolidated companies, 182,800 employees, and industrial locations in more than 49 countries. Saint-Gobain owns 27 companies in Sweden, among them Isover. Saint-Gobain Isover AB manufacturers glass wool insulation in Sweden.
Eurofound (2008), Isover, Internal restructuring in Sweden, factsheet number 67479, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67479.