EMCC European Monitoring Centre on Change

Höganäs AB

Company/Organisation:
Höganäs AB

Geographic Location

Country: Sweden
Region: Skåne län; Sydsverige
Location of affected unit(s): Höganäs

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 750

Employment Effects

Announcement Date: 13-05-2016
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring

Additional Information

Högnäs AB, manufacturer of iron and metal powder, has initiated employer-employee negotiations aiming to cut 100 jobs. The company stated that the reason for the redundancies is an imbalance between low sales volume and increasing costs. Local union leader also stated that he has hopes that the final number of redundancies will be lower than 100 and that alternate solutions will be found. 

The ERM has previously reported on redundancies at Högnäs AB in 2008.