[Sweden] Sandvik Announces Closure

Around 140 workers will be affected when Sandvik closes its glass plant at Hovmantorp, Sweden. Half will be offered jobs within the Orrefors Kosta Boda. The closure decision followed two wildcat strikes at two of the glass company's plants. In 2003, Orrefors Kosta Boda reported a loss of SKR 52M. The figures so far are pointing to a further loss in 2004. The company's board is proposing that future production is concentrated at the glass plants in Orrefors, Kosta and Afors.