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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
100 jobs Number of planned job losses
Announcement Date
11 November 2008
Employment effect (start)
31 December 2008
Foreseen end date
1 June 2008
Description
Hoganas, manufacturers of iron and metal powder, will lay off 100 employees in Sweden. This is as a result of the downturn in the automative market. 160 employees in total are impacted on by the redundancy notice, with 100 of these in Sweden. Approximately one third of those are white-collar employees, the remainder being blue-collar.
Höganäs was founded in 1797 and is today a leader within the iron and metal powder industry. Its products are principally used by the automotive industry, for home appliances and for lawn, garden and hand-tools.
Sources
12 November 2008: Dagens Industri
Citation
Eurofound (2008), Höganäs, Internal restructuring in Sweden, factsheet number 67394, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67394.
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