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 Fabricated Metal Products, Except Machinery And Equipment 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
65 jobs Number of planned job losses
Announcement Date
26 August 2013
Employment effect (start)
Foreseen end date
Description
Manufacturer of aluminium heat-exchanger strip for the heat exchanger industries, Sapa Heat Transfer, subisidiary of Sapa group, is to cut 65 jobs at its plant in Finspang, Sweden. As announced, in a bid to improve profitability, the restructuring is due to diminished demand from the automotive industry.
Negotiations with the unions have been initiated but as of August 2013, the timeline for the job reduction plans is not yet available.
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