EMCC European Monitoring Centre on Change

Sandvik Coromant

Company/Organisation:
Sandvik Coromant

Geographic Location

Country: Sweden
Location of affected unit(s): Sandviken, Gimo och Stockholm

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.73 - Manufacture of tools
Number Employed: 2100
Group: Sandvik

Employment Effects

Announcement Date: 08-10-2015
Planned Job Reductions min: 150
Planned Job Reductions max: 150
Type of Restructuring: Internal restructuring

Additional Information

Swedish tool manufacturer Sandvik Coromant has issued redundancy notices to 150 employees. This includes 80 jobs in Gimo, 55 in Sandviken, and 15 in Stockholm. The cuts are in response to the market situation and a need to reduce costs. Negotiations have begun with union representatives.