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.
235 jobs will be lost in Lidhult and Hudiksvall as Finnish owned cargo equipment maker Cargotec Sweden aims to centralize some of its production in Poland.
The company has announced 130 job cuts at its unit in Lidhult as part of cost-cutting measures. Cargotec plans to centralise its reach stacker and empty container handler production in Poland, while the production in Lidhult will focus on forklift trucks in the future.
There will also be reductions in Hudiksvall, where loader cranes are manufactured. The company is letting go of 105 employees and offshores parts of the production to Poland. The production of forestry and recycling cranes will remain in Hudiksvall.
The restructuring will be implemented over the next 15 months.
Earlier employment adjustments by Cargotec in Sweden are covered in factsheets 18686, 13445, 13191, 12849, 11987, 11092.
Cargotec Sweden is part of the Cargotec group, producer and provider of cargo handling solutions. The group employs some 10,500 people world-wide.
Eurofound (2012), Cargotec Sweden, Offshoring/Delocalisation in Sweden, factsheet number 74326, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74326.
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