Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Gränges, a Swedish producer of aluminium products, plans to dismiss 75 employees on its production site in Finspång, southeastern Sweden. This plan affects 50 blue-collar workers and 25 white-collar workers.
According to the company, restructuring is needed to adjust to the current market. Gränges argues that COVID-19 pandemic has had a significant impact on the company.
According to its website, Gränges has in total 1,800 employees. Approximately 460 of them work on the production site in Finspång.
Eurofound (2020), Gränges, Internal restructuring in Sweden, factsheet number 101560, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101560.
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