EMCC European Monitoring Centre on Change

Scana Steel Stavanger

Company/Organisation:
Scana Steel Stavanger

Geographic Location

Country: Norway
Region: Rogaland; Agder og Rogaland; Norge
Location of affected unit(s): Stavanger

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 115
Group: Scana Industrier

Employment Effects

Announcement Date: 05-03-2015
Planned Job Reductions min: 115
Planned Job Reductions max: 115
Type of Restructuring: Bankruptcy
Employment Effect Start: 04-03-2015
Direct Dismissals: 115

Additional Information

Scana Steel has gone into administration, resulting in dismissals for all 115 employees at the steel mill in Stavager, Norway. The financial situation for the company had been critical for some time. Scana Steel had 200 employees in 2010, and has since undertaken significant restructuring and job cuts. The company nevertheless had continuing negative results, and failed to find new owners.

The CEO of parent company Scana Industries expresses regret that they were unable to salvage the company, and expects that the bankruptcy will have negative consequences for local businesses in Jørpeland, where the steel mill created demand for various services.