Orrefors Kosta Boda

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Småland med öarna; Kalmar län
Location of affected unit(s)
Orrefors, Kosta, Boda, Åfors
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
100 jobs
Number of planned job losses
Job loss
Announcement Date
19 September 2008
Employment effect (start)
1 October 2008
Foreseen end date
30 June 2009

Description

Orrefors Kosta Boda is a glassworks group, owned by the New Wave Group. They produce and sell handmade glass for everyday use as well as art objects. Currency fluctuations, recession in general and in the USA in particular, increased costs in energy, wages, interest rates and production, increased store levels and decreased sales levels are all factors that contribute to the company decision to reduce the workforce by 100 employees in Kosta and Orrefors. The reductions will be completed in mid 2009.

Sources

  • 20 September 2008: Svenska Dagbladet
  • 20 September 2008: Dagens Industri

Citation

Eurofound (2008), Orrefors Kosta Boda, Internal restructuring in Sweden, factsheet number 67112, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67112.