Sandvik

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Sydsverige; Skåne län
Location of affected unit(s)
Svedala
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.92 - Manufacture of machinery for mining, quarrying and construction
60 jobs
Number of planned job losses
Job loss
Announcement Date
7 May 2014
Employment effect (start)
7 May 2014
Foreseen end date

Description

Sandvik, a Swedish mining and construction equipment group, has announced that it will cut 60 jobs in its site in Svedala. The source reports that external consultants and workers employed through recruitment agencies will also be at risk of redundancy.

The Svedala factory manufactures stone crushers for the mining industry and, according to the source, the cuts are due to a decrease in demand for Sandvik’s products caused by a general decline in the mining market.

The ERM has reported on previous restructuring events at Sandviken in 2008, 2011, 2012 and 2012.

Sources

  • 7 May 2014: Svenska Dagbladet

Citation

Eurofound (2014), Sandvik, Internal restructuring in Sweden, factsheet number 76968, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76968.