Luleå company Gestamp Hardtech provides 55 services. The notification occurs in connection with the company shutting down the manufacture of tooling.
- Tool manufacturing in Luleå is suffering from low order volumes and overcapacity as a result of rapid changes in the global automotive industry. Demand for tool equipment continues to fall, causing price pressure. Competitiveness is waning and we do not see any upturn in sight in the coming years. Unfortunately, in this situation, Gestamp sees no other solution than consolidating operations into fewer units and closing Tooling in Luleå, says Johan Balck, CEO of Gestamp HardTech, in a press release.
The text is updated.