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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
250 jobs Number of planned job losses
Announcement Date
22 December 2008
Employment effect (start)
22 December 2008
Foreseen end date
22 December 2008
Description
Elmo Leather failed for bankruptcy. The company manufactures leather furniture and supplies leather to the automotive industry. The head office, the production and product development departments are all located in Svenljunga. The number of employees affected by the closure is 250. A new company has, however, been created. Elmo Leather Sweden has created 200 new jobs (see separate factsheet No. 12835).
Sources
13 December 2008: Dagens Industri
Citation
Eurofound (2008), Elmo leather, Bankruptcy in Sweden, factsheet number 68190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68190.
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