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.
Polarbröd, a Swedish manufacturer of soft and hard flatbread is closing its factory as a result of an accidental fire in a factory in Älvsbyn, located in northern Sweden. The fire resulted in a total destruction of the building. In a press release, Polarbröd announces that it will take at least two years to rebuild the factory. This may lead to a reduction of approximately 131 blue collar employees that were working at the affected factory.
The board of Polarbröd, in cooperation with the Swedish public employment service and the municipality, seeks to find alternative solutions for the affected employees, inclunding enrolling employees in targeted education at home. Polarbröd also hopes to be able to offer working opportunities at their other factories.
After the fire, the Government promised support for the small municipality with a population of 5,000 inhabitants, where the burnt down factory is located.
Eurofound (2020), Polarbröd, Closure in Sweden, factsheet number 101683, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101683.