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.
60 jobs Number of planned job losses
Announcement Date
22 November 2011
Employment effect (start)
22 November 2011
Foreseen end date
Description
60 of 443 employees at the company Kumatsu Forest, a manufacturer of forestry machinery, in Umeå, Sweden, have been issued with redundancy notices. In addition, 39 employees with fixed-term contracts will not have their contacts renewed as of January 2012. The internal restructuring process is due to anticipated weak demand in the market for forest machinery.
Kumatsu Forset has restructured on several occasions in recent years. Please see the following related fact sheets for more information:13567, 12265.
Sources
22 November 2011: Norrbottens Kuriren
23 November 2011: Folkbladet.nu
23 November 2011: TV4 Umeå
Citation
Eurofound (2011), Kumatsu Forest, Internal restructuring in Sweden, factsheet number 72764, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72764.
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