EMCC European Monitoring Centre on Change

Swedwood Tibro

Company/Organisation:
Swedwood Tibro

Geographic Location

Country: Sweden
Region: Västra Götalands län; Västsverige
Location of affected unit(s): Tibro

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
31.0 - Manufacture of furniture
Number Employed: 221
Group: Ikea Industry Group

Employment Effects

Announcement Date: 04-09-2012
Planned Job Reductions min: 221
Type of Restructuring: Closure
Direct Dismissals: 221

Additional Information

Swedwood Tibro AB, manufacturer of wood based furniture, has announced that it is to dismiss all of its 221 employees in Tibro, Sweden. The announcement is the result of a declining demand over several years.

Swedwood Tibro AB is a subsidiary of Swedwood International AB, which has approximately 16 400 employees in ten countries and forms a part of Ikea Industry Group.

As of September 2012 it is unknown whether Swedwood Tibro AB will be sold or closed. The timeline for the dismissals is also yet to be announced.