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
118 jobs Number of planned job losses
Announcement Date
27 January 2009
Employment effect (start)
1 November 2008
Foreseen end date
31 March 2009
Description
TI Automotive in Kongsvinger, part of a UK-based group, has announced that it is to dismiss 38 more employees. This is the fourth time the company reduces its workforce since the first restructuring announced in September 2008. In total 93 permanent employees and 25 temporary workers have been made redundant since the financial crisis hit the company last autumn, leading to reduced sales of lorries, especially regarding their big customers Volvo and Scania.
The shop steward says to ie aktuelt that he expects more job cuts to come, and he criticises the crisis package from the government for not making the temporary layoff regulations more flexible.
Sources
28 January 2009: ie aktuelt
27 January 2009: Glåmdalen
29 September 2008: Glåmdalen
Citation
Eurofound (2009), TI Automotive, Internal restructuring in Norway, factsheet number 67965, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67965.
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