Devport

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Gothenburg
Sector
Professional Services
71 - Architectural and engineering activities; technical testing and analysis
71 - Architectural and engineering activities; technical testing and analysis
71 - Architectural and engineering activities; technical testing and analysis
50 jobs
Number of planned job losses
Job loss
Announcement Date
18 August 2020
Employment effect (start)
Foreseen end date

Description

Swedish technology company Devport has announced its plan to dismiss up to 50 employees. The company is based in Gothenburg and it currently employs approximately 350 people. 

Many of the company’s clients are manufacturers of cars and other vehicles which is an industry where the impact of the COVID-19 crisis has been significant. This has decreased the demand for products and services provided by the Devport. During the second quarter of 2020, Devport's revenue decreased by 42% in comparison to last year. 

The company estimates that the effects of the COVID-19 will be long-lasting, and demand will not increase before the end of 2020 or the beginning of 2021.  

Sources

Citation

Eurofound (2020), Devport, Internal restructuring in Sweden, factsheet number 101558, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101558.