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.
On March 23rd, the Board of Norema, a subsidiary of the Swedish Nobia group, decided to close the Norwegian factory and move the production to other Nobia plants in Sweden. This decision was expected in the last Board meeting 3rd of March, but was postponed as Norwegian law required the company to have talks with the authorities before a closure decision.
The reason for closure is reduced orders and sales. The employees of Norema have had reduced working-time since 1st of January, but this measure was not enough for the owners. According to the press release the production will be stopped by end of summer. Already the production at another factory in Finland is moving to Sweden.
Eurofound (2009), Norema, Offshoring/Delocalisation in Norway, factsheet number 68545, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68545.
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