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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
40 jobs Number of planned job losses
Announcement Date
16 April 2020
Employment effect (start)
16 April 2020
Foreseen end date
Description
Copenhagen Malmö Port, a port company located in the Öresund region, has given a notice of redundancy that impacts 40 employees in Malmö. As a result of the COVID-19 outbreak, the volume of trade and passenger traffic has significantly decreased at the port of Malmö. As the port is the biggest carport of Scandinavia, many vehicle factories have been negatively impacted and the sale of new cars drops significantly. A savings package initiated in March 2020 and financial assistance from Denmark and Sweden have not been enough to cover the loss of revenue.
No notice of redundancy has been announced in Denmark so far, but the company argues that layoffs may be needed later this year, depending on the development of the COVID-19 pandemic.
Copenhagen Malmö Port has 356 employees in Sweden. The restructuring will affect around 11% of the workforce.
Sources
16 April 2020: Copenhagen Malmö Port [press release] (www.cmport.com)
Eurofound (2020), Copenhagen Malmö Port , Internal restructuring in Sweden, factsheet number 100359, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100359.
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