EMCC European Monitoring Centre on Change

Assa Abloy

Assa Abloy

Geographic Location

Country: World


Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
Number Employed: 30000
Group: Assa Abloy

Employment Effects

Announcement Date: 08-02-2004
Planned Job Reductions min: 1400
Planned Job Reductions max: 1400
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2004

Additional Information

A set of measures designed to ensure the long-term profitability and growth of the company are being implemented in the context of a programme initiated in November 2003. These measures include a reduction in the number of employees: 700 jobs were scrapped in 2003 and 1,400 further jobs will be cut in 2004. Most dismissals will be carried out in Europe.