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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.12 - Agents involved in the sale of fuels, ores, metals and industrial chemicals
75 jobs Number of planned job losses
Announcement Date
8 January 2013
Employment effect (start)
Foreseen end date
Description
BE Group, a trading and service company specialized in metal products, is to reduce staff in Sweden by 75 employees to strengthen competitiveness. The reduction is part of a larger restructuring plan affecting 140 people in Sweden and Finland.
The reduction scheme is expected to yield savings of SEK 65 million per year (€ 7.6 million) and incur one-time costs of SEK 30-35 million (€ 3.5-4.1 million).
As of January 2013, there is no information about when the reductions will start taking effect or when they will be implemented by.
Sources
8 January 2013: Sveriges Television
8 January 2013: BE
Citation
Eurofound (2013), BE Group, Internal restructuring in Sweden, factsheet number 74737, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74737.
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