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.
Ovako Smedjebacken announced the dismissal of 46 employees, because of a decrease in demand for steel. The total number of employees before the termination was 402. Ovako produces steel for the automobile industry.
The total number of employees in the Ovako group is 4300, out of which 2600 are employed in Sweden and 1160 in Finland.
Eurofound (2008), Ovako Smedjebacken, Internal restructuring in Sweden, factsheet number 67942, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67942.
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