Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sweden, Finland, Poland and Latvia
Sector
Manufacturing
Manufacture of metals
Manufacture of basic metals
24.42 - Aluminium production

120 jobs
Number of planned job losses
Job loss
Announcement Date
2 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 March 2010

Description

BE Group, a leading trading and service company offering a broad range of steel, stainless steel and aluminium, is to cut about 120 jobs primarily in Sweden, Finland, Poland and Latvia. The job reduction stems from the implementation of a cost-saving programme to face reduced demand and uncertain market prospects. In doing so, the company aims at reducing total annual costs by approximately SEK 100 million over a two-year period. Negotiations with trade unions have started.

BE Group offers value-adding distribution and pre-processing of steel, stainless steel and aluminium to construction and engineering industries. The company BE Group is operating in ten countries in northern, central and eastern Europe.


Sources

  • 2 December 2008: Dagens Industri

Citation

Eurofound (2008), BE Group, Internal restructuring in European Union, factsheet number 67677, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67677.