Sapa Heat Transfer

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Östra Mellansverige; Östergötlands län
Location of affected unit(s)
Finspang
Sector
Manufacturing
(24 - 25) Manufacture of metals
25.4 - Forging and shaping metal and powder metallurgy
25.4 - Forging and shaping metal and powder metallurgy
65 jobs
Number of planned job losses
Job loss
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.

For information on previous restructuring in the Sapa Group in Sweden see Sapa Profiler-2012 and Sapa Profiler-2008. 

Sources

  • 26 August 2013: SAPA (press release)
  • 26 August 2013: Sveriges Radio

Citation

Eurofound (2013), Sapa Heat Transfer, Internal restructuring in Sweden, factsheet number 75800, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75800.