International Automotive Components Group

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Göteborg, Skara, Tidaholm, Trollhättan, Färgelanda, Tanumshede
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
200 jobs
Number of planned job losses
Job loss
Announcement Date
18 January 2007
Employment effect (start)
Foreseen end date

Description

The car component producer IAC (International Automotive Components Group) is going to cut a total 200 jobs at its plants in Göteborg, Skara, Tidaholm, Trollhättan, Färgelanda and Tanumshede. The decision, announced on 18 January 2007 and involving 10% of the workforce, is the first step of the rationalisation plan defined by the company to improve efficiency and cut costs. Further lay-offs could be announced in 2008. 'The measures are necessary to ensure employement within the Swedish branch of IAC Europe', wrote Marcus Nyman in press release.

Sources

  • 18 January 2007: Sveriges Radio
  • 18 January 2007: Dagens Nyheter

Citation

Eurofound (2007), International Automotive Components Group, Internal restructuring in Sweden, factsheet number 64780, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64780.