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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.1 - Sawmilling and planing of wood
140 jobs Number of planned job losses
Announcement Date
3 February 2009
Employment effect (start)
30 June 2009
Foreseen end date
30 June 2009
Description
Setra has given notice to 140 employees in its closure of sawmills in Ljusdal and Piteå. The closures affect approximately 70 employees at each location and are the result of economic downturn, beginning in autumn 2007. The restructuring measures are expected to provide Setra with an annual improvement in earnings of approximately SEK 100 million.
Sources
4 February 2009: Dagens Industri
: ()
Citation
Eurofound (2009), Setra, Closure in Sweden, factsheet number 68521, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68521.
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