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.
The Swedish-Danish company AAK (AarhusKarlshamn), producer of vegetable oils and fats, has announced that it is to cut 55 jobs in Karlshamn. The decision is part of a rationalization program aimed at improving the company's productivity.
AAK's products are used in a wide variety of applications in the food, confectionery, pharmaceutical, cosmetic, chemical and animal feed industries. The company has production facilities located in Denmark, Mexico, the Netherlands, United Kingdom, Sweden, Uruguay and the USA.
The Unions have criticized the decision on the downsizing.
The company currently has approximately 475 employees in Sweden. As of September 2012 it is not yet known when the measure will be implemented by.
Eurofound (2012), AAK, Internal restructuring in Sweden, factsheet number 74157, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74157.
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