Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Stockholm, Helsingborg, Jönköping
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41.2 - Construction of residential and non-residential buildings

100 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2022
Employment effect (start)
9 November 2022
Foreseen end date

Description

The construction company, Serneke plans to cut 100 positions in its operations in Stockholm, Helsingborg and Jönköping. The company has seen a decline in demand in the construction industry and is having financial problems. However, none of their ongoing construction contracts will be affected.

Due to the slowdown in the construction and real estate industry, the company is aiming for savings of SEK 120 million.

Serneke is a Swedish construction company employing over 1,000 people in Sweden.


Sources

Citation

Eurofound (2022), Serneke, Internal restructuring in Sweden, factsheet number 107719, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107719.