Fagerhult Has Initiated Trade Union Negotiations with Intention to Close the Production Unit In Ornskoldsvik.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden Sweden, Swed. Sverige, officially Kingdom of Sweden, constitutional monarchy (2005 est. pop. 9,002,000), 173,648 sq mi (449,750 sq km), N Europe, occupying the eastern part of the Scandinavian peninsula. -- The Swedish lighting company Fagerhult (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :FAG), listed on the Stockholm stock exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , today announced that negotiations have been initiated with the trade union representatives, with the intention to close the production unit in EurnskEldsvik. A final decision regarding closing down the unit is expected at the next board meeting on 13 December, when the negotiations are presumed to be concluded. The Fagerhult Group with approximately 1,600 employees is the largest lighting group in the Nordic region and a leading force in Europe. We develop, manufacture and market professional lighting systems for public environments as well as offering a range of decorative lighting. The group has sales companies in Sweden, Norway, Denmark, Finland, United Kingdom, the Netherlands, Germany, Estonia, Russia and China. Production facilities are located in Habo, EurnskEldsvik, Varberg, Falkenberg, BorENs and Eahus in Sweden, Manchester in England and in Suzhou, China. The group, which includes Fagerhults Belysning, Atelje Lyktan, Belid, Fagerhult Retail, LampGustaf interior, Elenco and Whitecroft Lighting, has a turnover of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2,000 million. AB Fagerhult is quoted on the Nordic Exchange in Stockholm, Mid Cap-list. This information was brought to you by Waymaker http://www.waymaker.net |
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