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.
British manufacturer of military vehicles, BAE Systems Hägglund, is to cut 150 jobs in Örnsköldsvik, Sweden.
The layoffs are due to two cancelled orders, one from Denmark and one from Canada. The CEO says that the orders were worth SEK 3-4 billion (around EUR 320-420 million). Only white-collar workers will be affected by the restructuring.
The ERM has reported on previous restructuring cases at BAE Systems Hägglund in Örnsköldsvik, in 2012.
Update 2015-11-03: The final number of employees BAE Systems Hägglund will shed is 130. 85 of the workers are to be directly dismissed, while other solutions will be used for the remaining staff.
Eurofound (2015), BAE Systems Hägglund, Internal restructuring in Sweden, factsheet number 83845, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83845.