• Skip to main content
  • Go to main navigation
  • Go to language selector
SearchFree text

Swedish Match
  • svenska
Close
  • Swedish Match websites

    • Image Bank
    • Swedish Match Brasil
    • Swedish Match Industries
    • Snus and Match Museum
  • Brand websites

    Smokefree

    • Swedish Match e-commerce service (SE)
    • General (US)
    • Longhorn (US)
    • Pinkerton Tobacco
    • Niqo Co.

    Lights

    • Cricket
    • Nitedals
    • Redheads
  • Other

    • Swedish Match Denmark
    • Swedish Match Norway
    • The Solstickan Foundation (SE)
  • Home
  • Our company More Less

    Our company

    • About us
    • Markets More Less
      • Our product categories and markets
    • Company history More Less
      • Svenska Tobaks AB
      • Svenska Tändsticks AB
      • Swedish Match AB
    • Corporate Governance More Less
      • Articles of association
      • AGM minutes
  • Our business More Less

    Our business

    • Smokefree More Less
      • Nicotine products and regulations
      • History of snus
      • Snus production
    • Cigars More Less
      • History of cigars
    • Lights
  • Sustainability More Less

    Sustainability

    • Strategy and approach
    • Materiality assessment More Less
      • Sustainable Tobacco Program
    • Code of Conduct More Less
      • Supplier Code of Conduct
      • Swedish Match North America Terms and Conditions
    • Sustainability information More Less
      • Environment
      • Compliance
      • Employees and social conditions
      • Human rights
    • Sustainability reporting
  • Investors More Less

    Investors

    • Share holdings
    • Financial reports
    • Debt information More Less
      • Debt programs
      • Outstanding bonds
  • Media More Less

    Media

    • Press releases and news
    • Swedish Match logotype
    • Images
    • Videos
    • Swedish Match Norway More Less
      • Our history
      • Sustainability
    • Media contacts
  • Snus and health More Less

    Snus and health

    • Our standpoint
    • Swedish Match Scientific Publications More Less
      • Our Scientific Publications
    • GOTHIATEK® More Less
      • GOTHIATEK® standard
    • The Swedish Experience
    • Research on snus
    • Smoking cessation
    • Snus and the Swedish Food Act
    • Nicotine More Less
      • Nicotine labeling of Swedish Match products
      • Snus, nicotine and nicotine addiction
    • Tobacco use More Less
      • Tobacco use in figures
  • Career More Less

    Career

    • Employee strategy
    • Our culture
    • Work environment
    • Diversity and non-discrimination
    • Competence development
    • Compensation and benefits
    • Vacant positions
    • Student
    • HR contacts
Our websites
Language:
  • English
  • svenska
Media
  • Press releases and news
  • Swedish Match logotype
  • Images
  • Videos
  • Swedish Match Norway
  • Media contacts
Swedish Match's logo
Press release; Jun 26, 2000 10:00 PM CET

Restructuring moves for Matches

A number of actions have been carried out within the Company’s on-going restructuring activity, the cost of which was reserved in the 1999 annual accounts.

Negotiations have been finalized regarding the complete closure of the printing facility in Geraardsbergen (Belgium), involving the reduction of 39 employees. Printing operations will be concentrated in Vetlanda (Sweden), and the transfer will be effective by the end of this year. Some 12 new jobs are expected to be created in Vetlanda as a result of this move.

The Company has also reached agreement for reductions in its total Match Division workforce amounting to 135 people, located in Szeged (Hungary) – 74 people – Kostenetz (Bulgaria) – 50 people – and Valencia (Spain) – 11 people. These reductions come as a consequence of the cessation of certain production activities, including the closure of production lines and the withdrawal of unprofitable products from the market, in each respective factory.

At the match production facility in Tidaholm (Sweden) the company has announced the redundancy of 16 workers. Negotiation regarding this redundancy has commenced.

During the past twelve months, employee numbers in the match operations of Swedish Match have been reduced significantly. One of the Company’s two match production factories in Brazil was closed in August, 1999 with the reduction of 82 employees, while in India, the average numbers of employees has been reduced by 776 in the period from June 1999 to date. Additionally the Match assembly in Belgium was finally terminated in February, 1999 with a workforce reduction of 115 people.

FORWARD LOOKING STATEMENTS: Certain matters discussed within this press release may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although management believes that its financial expectations are based on reasonable assumptions, it can give no assurance that its expectations will be achieved.

Swedish Match is an international group with its head office in Stockholm. The company manufactures a broad range of products within the OTP (Other Tobacco Products) category, with smokeless tobacco as its core business along with cigars and pipe tobacco, as well as matches and lighters. The products are sold in approximately 140 countries. Sales for the twelve months period ending March 31, 2000, amounted to approximately 9,600 SEK. Swedish Match is listed on OM Stockholm Stock Exchange (SWMA) and on NASDAQ (SWMAY).

For further information, please contact:

Lennart Sundén, President and Chief Executive Officeroffice+46 8 658 01 75
   
Sven Hindrikes, Executive Vice President andoffice+46 8 658 02 82
Chief Financial Officermobile+46 70 567 41 76
   
Bo Aulin, Senior Vice President, Secretaryoffice+46 8 658 03 64
and General Counselmobile+46 70 558 03 64
   
Emmett Harrison, Vice President, Investor Relationsoffice+46 8 658 01 73
   

  • EN_97_0_20000627.doc
  • EN_97_1_20000627.pdf

Related documents

  • Presentations
  • CEO comment
  • Annual General Meeting
Home / Media / Press releases and news / Restructuring moves for Matches

Contact us

  • Media contacts
  • HR contacts
  • Consumer contact

Find us

  • Headquarters
  • Sales office
  • Factory
  • Distribution
  • Store
  • Research & Development
  • All addresses
Map

Corporate headquarters

Phone: +46 10 13 93 000

Sveavägen 44
SE-118 85 Stockholm

Corporate headquarters
Swedish Match

Swedish Match AB
SE-118 85 Stockholm

Phone +46 10 13 93 000
Corporate reg no. 556015-0756

About the website

  • Sitemap
  • Site policy
  • Privacy notice
  • Information about cookies
  • Legal responsibility

Find information

  • Search
  • FAQ
  • Archive