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.
Primarily Gothenburg but also other sites around Sweden.
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.15 - Manufacture of bearings, gears, gearing and driving elements
200 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78163.
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