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.
Swedish construction company Lindbäcks Bygg initiates cooperation negotiations with a plan to dismiss around 100 people in Piteå, in the Northern Sweden. The dismissals do not currently apply to construction sites but to other workplaces in the company. Due to the declining market situation and a limited portfolio, the company needs to reorganize and review operations and production to streamline and improve its functions. According to the CEO, property owners are delaying the start of new projects because of rising material prices, higher interest rates and an unstable international environment.
The trade union GS Facket is worried about the layoff, as it affects over hundreds of people in a small city.
Lindbäcks Bygg is a Swedish construction company headquartered in Piteå in the North of Sweden. The company employs around 540 people in Sweden.
Eurofound (2022), Lindbäcks Bygg, Internal restructuring in Sweden, factsheet number 107624, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107624.