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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job losses
Announcement Date
28 April 2011
Employment effect (start)
2 May 2011
Foreseen end date
2 December 2011
Description
IAC, one of the major subcontractors to Saab Automobile, announced the cut of 200 jobs which corresponds to around 15% of total workforce. Cutbacks affect plants in Färgelanda and Skara.
IAC is an American company that specialises in providing integrated interior and exterior systems to automotive manufacturers worldwide. IAC 1300 employees in Sweden and provides a variety of parts to the Swedish vehicle manufacturers. The job losses are blamed on declining orders from Saab Automobile, their largest client.
Sources
28 April 2011: Dagens Nyheter
28 April 2011: Sverige radio
Citation
Eurofound (2011), IAC, Internal restructuring in Sweden, factsheet number 72137, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72137.
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