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.
Mill lining manufacturing company for the mining industry Metso plans to close its production unit in Ersmark, which is expected to result in the dismissal of 150 employees. Around 30 employees whose tasks are not connected to the production process will remain. No clear timeframe is announced for these restructuring processes.
The company maintains that the decision to dismiss employees in Ersmark is connected to the need to increase its competitiveness and its profitability by reviewing manufacturing capacity at the regional and global level. According to reports, employees from the site fear that the production process might be subject to relocation to the Trelleborg site and delocalisation to countries with cheaper labour costs, like India and South Africa.
Update 10/01/2020:In December 2019 the media reported that the number of dismissals increased from 150 to 155. The termination of production will take place in March 2020.
Eurofound (2019), Metso, Closure in Sweden, factsheet number 98410, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98410.