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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
120 jobs Number of planned job losses
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.
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