Location of affected unit(s):
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
170 workers will lose their jobs in Hofors, following the decision by Ovaka to reduce its workforce. The CEO of the company has explained that this plan needs to be implemented to ensure the future of the company and to achieve the profit level which has been set. Negotiations with trade unions have started.