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.
Billerud AB's Board of Directors has decided to implement a major programme of changes. Organisational costs will be cut by at least SEK 250 million on an annual basis. The programme will come into immediate effect and should be completed by the end of 2006. The full effects will be noted in 2007. The changes include a reduction of around 450 full-time jobs in Billerud's current organisation. Preparatory work focused on changed working methods and measures to raise competence levels. A more efficient use of shared resources has been underway since the end of 2004. The proposed staff changes affect all four of the Group's mills —Gruvön, Karlsborg and Skärblacka in Sweden, and Beetham in the UK. Staff reductions will primarily be in the form of early retirement. Statutory negotiations with the trade unions will start immediately. One-off costs for the programme are calculated at SEK 400 million.
Eurofound (2005), Billerud, Internal restructuring in Sweden, factsheet number 61799, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61799.