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.
Multinational food packaging and processing company Tetra Pak is to close a production site in Lund, Sweden; 250 jobs are to be lost. As reported, the closure of the site aims at production streamlining as a response to a current overcapacity in Europe.
The restructuring is also an effect of a declining demand for the company's products in the European market, and it is estimated to start in early 2015. The job losses primarily affect blue-collar workers engaged in the production facilities in Lund.
Negotiations with the union have just begun.
Tetra Pak, a company of Swedish origin, has a total operation in Lund encompassing around 3,500 employees. Its global business employs over 22,000 people. Its net sales in 2013 exceeded €11,075 million. The company is currently challenged by a structural shift in the demand of its products from Europe to non-European regions.
Eurofound (2014), Tetra Pak, Offshoring/Delocalisation in Sweden, factsheet number 77490, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77490.