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 24.1 - Manufacture of basic iron and steel and of ferro-alloys
450 jobs Number of planned job losses
Announcement Date
11 December 2008
Employment effect (start)
Foreseen end date
Description
Outokumpu, a stainless steel company, has given notice to 450 employees in Sweden. Their aim is to achieve cost savings through personnel reductions and general cost saving programs. In Avesta 262 employees were given notice, in Degerfors 97 employees, at the unit Nyby in the municipality of Torshälla 57 were given notice and at the unit Kloster in the municipality of Hedemora, 34 employees were given notice.
Outokumpu have also negotiated reduced costs with personnel representatives in the head office of each country it operates in. The negotiations are held according to local legislation in each country and may lead to permanent or temporary layoffs. The company Outokumpu operates in some 30 countries and employs 8 000 people.
Sources
16 January 2009: Dagens Industri
16 January 2009: Svenska Dagbladet
Citation
Eurofound (2008), Outokumpu, Internal restructuring in Sweden, factsheet number 69131, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69131.
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