SKF

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Gothenburg, other locations
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.15 - Manufacture of bearings, gears, gearing and driving elements
200 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2015
Employment effect (start)
15 January 2015
Foreseen end date
28 February 2015

Description

Swedish ball-bearings manufacturer SKF has decided to merge its Strategic Industries division with Regional Sales and Services which will result in a reduction of 200 white-collar jobs. Negotiations with the union have been initiated. The purpose of the restructuring is to streamline the organization and to reduce operational complexity. The company plans to have finalized the reductions by the end of February. The reductions will primarily take place in Gothenburg but also at other sites in Sweden.

SKF employs 1,641 people in Sweden and 48,401 globally. 

Sources

  • 15 January 2015: Dagens Nyheter

Citation

Eurofound (2015), SKF, Internal restructuring in Sweden, factsheet number 78163, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78163.