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.
The worldwide manufacturer of furniture Ikea Industry is scaling down in Västerbotten leading to 144 redundancies in Lycksele and Malå. The factory in Malå will close if a new owner can't be found, and around half of the jobs in Lycksele will be cut. Management has cited a low demand for the "Nornäs" collection of pine wood furniture as a reason for the redundancies. In addition, as many as 15 sub-contractors will also be affected by the redundancies and by lowered production volumes.
Eurofound (2016), Ikea Industry, Internal restructuring in Sweden, factsheet number 87558, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87558.