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.
(10 - 33) Manufacturing (16 - 17) Manufacture of wood and paper materials 16.1 - Sawmilling and planing of wood; processing and finishing of wood 16.1 - Sawmilling and planing of wood; processing and finishing of wood
105 jobs Number of planned job losses
Announcement Date
7 January 2012
Employment effect (start)
9 January 2012
Foreseen end date
Description
Viking Timber, a manufacturer and exporter of timber products, has declared bankruptcy. All of the 105 employees at the four sawmills in Asarum, Rävsmåla, Rönås and Lönsboda(in Sweden) have been informed about the bankruptcy, which is due to liquidity crises and low sales in recent years. Viking Timber is a subsidiary of the group Andersson & Sjöberg.
Sources
9 January 2012: Dagens Industri
1 July 2012: Dagens Nyheter
7 January 2012: webpage
Citation
Eurofound (2012), Viking Timber, Bankruptcy in Sweden, factsheet number 72952, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72952.
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