Restructuring events
European Restructuring Monitor (ERM)
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.
Hand tool manufacturer SNA Europe announced 96 redundancies in Bollnäs and Lidköping due to the recession. SNA Europe will dismiss 66 and 30 workers at Bollnäs and Lidköping respectively as reduced orders have driven a need to lower the production costs. Subsequently, some of the production will be outsourced to Belarus.
The Swedish divisions of SNA Europe have 595 employees at several locations: the manufacturing divsions are in Lidköping, Edsbyn and Bollnäs while the distribution division in Sandviken and the sales office in Enköping.
For more information, please earlier fact sheets I and II.
Eurofound (2009), SNA Europe, Offshoring/Delocalisation in Sweden, factsheet number 69887, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69887.