Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sandviken, Gimo och Stockholm
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25.73 - Manufacture of tools

150 jobs
Number of planned job losses
Job loss
Announcement Date
8 October 2015
Employment effect (start)
Foreseen end date

Description

Swedish tool manufacturer Sandvik Coromant has issued redundancy notices to 150 employees. This includes 80 jobs in Gimo, 55 in Sandviken, and 15 in Stockholm. The cuts are in response to the market situation and a need to reduce costs. Negotiations have begun with union representatives.


Sources

  • 8 October 2015: Affärsvärlden

Citation

Eurofound (2015), Sandvik Coromant, Internal restructuring in Sweden, factsheet number 85121, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85121.