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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42.11 - Construction of roads and motorways
130 jobs Number of planned job losses
Announcement Date
15 March 2012
Employment effect (start)
15 March 2012
Foreseen end date
Description
Swedish road construction and infrastructure company Svevia gives notices to 130 employees. The company attributed the restructuring to the need to prepare for the future and increase its profits after a seven percent decrease in net turnover for 2011. Most of the 130 notices will be given to white-collar workers.
The company will go through an internal restructuring in order to strengthen profitability and to specialize its business by dividing it into the divisions; construction, operation, coating and machine and real estate.
Sources
15 March 2012: Svevia
15 March 2012: Svenska Dagbladet
Citation
Eurofound (2012), Svevia, Internal restructuring in Sweden, factsheet number 73278, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73278.
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