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 Swedish house manufacturer Hjältevadshus, working in the construction sector, has announced plans to dismiss 100 employees. The cuts will affect both back office jobs and collective employees, located in the cities of Hjältevad and Hultsfred. According to the CEO of the company the job losses were set out because the production capacity was higher than demand. Since 2012, the company had quadrupled its volume and the number of employees, moving from 60 employees in 2012 to about 250 in 2018.
Eurofound (2019), Hjältevadshus , Internal restructuring in Sweden, factsheet number 96682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96682.