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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
150 jobs Number of planned job losses
Announcement Date
30 March 2010
Employment effect (start)
31 March 2010
Foreseen end date
30 September 2010
Description
Swedish ball-bearing manufacturer SKF has initiated a restructuring program, affecting 150 employees, at the facilities in Gothenburg. The measures include early retirement, voluntary compensation, organisational reallocation and investments in skills and development. The program will cost 90 million SEK (9.3 million EURO) and affects the Industrial Division. When fully incorporated (at the latest in the third quarter 2010), the measures will save the company 50 million SEK (5.17 million EURO) annually.
Eurofound (2010), SKF Sverige, Internal restructuring in Sweden, factsheet number 70440, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70440.
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