Restructuring events
European Restructuring Monitor (ERM)
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.
Meritor, US-based manufacturer of parts for heavy vehicles, is letting go of 195 employees in Lindesberg due to a decrease in orders. 95 job cuts concern permanent and 100 redundancies concern temporary employees.
Negotiations about the job-losses will begin at the end of the first week of November. The local chapter of the Union of Metalworkers (IF Metall) has recognised the fact that the company is higly sensitive to the global economic situation and has noticed a drop in orders.
Meritor also announced redundancies affecting Swedish jobs in the wake of the 2008 economic crisis (for more information please see the following case: 13700).
As of October 2012, there is no information on when the planned reductions will be implemented by.
Eurofound (2012), Meritor HVS, Internal restructuring in Sweden, factsheet number 74418, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74418.