Sapa Profiler

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Småland med öarna; Jönköpings län
Location of affected unit(s)
Vetlanda
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
185 jobs
Number of planned job losses
Job loss
Announcement Date
20 October 2015
Employment effect (start)
Foreseen end date

Description

Swedish producer of extruded aluminium profiles, Sapa Profiler, has announced that the site in Vetlanda is closing, resulting in 185 redundancies. The company announced that despite major restructuring measures profitability is still low. The company is also planning to close a press in Vetlanda and reopen a press in Finspång.

The ERM reported on restructuring cases at Sapa Profiler in 2012 and 2008.

Sources

  • 20 October 2015: jnytt.se

Citation

Eurofound (2015), Sapa Profiler, Internal restructuring in Sweden, factsheet number 85109, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85109.