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 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
600 jobs Number of planned job losses
Announcement Date
31 January 2012
Employment effect (start)
Foreseen end date
Description
Finnish steel producer Outokumpu is set to lay off around 600 people at its Långshyttan and Torshälla plants in Sweden as it merges its stainless steel operation with German-based Thyssen Krupp. Swedish trade unions had not yet been informed about planned redundancies when it was announced, but Thyssen Krupp has promised its German unions to save as many jobs as possible which would result in the closure of the Swedish plants.
In october Outokumpu initiated its reduction of the workforce in Sweden (see factsheets 18966 and 18916). In total Outokumpu will cut 1300 jobs globally until the end of 2012, see factsheet 19079
Sources
Citation
Eurofound (2012), Outokumpu, Internal restructuring in Sweden, factsheet number 73174, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73174.
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