Company/Organisation:
Assa Abloy
Geographic Location
Country:
World
Company
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.
Sources:
06-02-2004Press Release by Assa Abloy
07-02-2004Dagens Nyheter
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