EMCC European Monitoring Centre on Change

OM

Company/Organisation:
OM

Geographic Location

Country: Sweden

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Group: OM

Employment Effects

Announcement Date: 30-06-2003
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring

Additional Information

OM is implementing a cost reduction program which is estimated to lower the company's costs by SEK 578 m and result in lower revenues of SEK 105 m on a yearly basis. These measures aim to achieve sound profitability and create a stronger company in preparation for the merger with HEX. Redundancy measures are expected to lead to approximately 240 job losses. Approximately 200 of the 240 affected positions are in Sweden.