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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture Of Motor Vehicles
250 jobs Number of planned job losses
Announcement Date
26 January 2024
Employment effect (start)
2 June 2024
Foreseen end date
31 December 2024
Description
Swedish electric car manufacturer Polestar has given notice about the termination of 250 white-collar jobs in Gothenburg, Sweden. Cooperation negotiations started at the end of January with trade unions Unionen, Akademikerna and Ledarna. The negotiations are expected to be finalised in June 2024.
The redundancies in Sweden are part of a global restructuring, where Polestar plans to reduce its workforce by 15%. The background to the decision is the business plan to deliver around 160,000 cars by 2025, and the continued challenging global economic situation. In addition to the layoffs in Sweden, the company is also planning to dismiss 200 employees globally.
Erik Falck, the trade union president of Unionen at Polestar says “the most important thing is that everything is done in the right way. It is sad to lose your job, but the most important thing is that everything is done correctly”.
As of January 2024, it is yet unknown when precisely the job losses will be implemented by Polestar.
In 2022, Polestar was expanding rapidly and recruited 100 software developers to the headquarters [Polestar-2022-SE].
In 2023, Polestar planned to reduce its workforce by 10% due to the company’s lowered sales forecast [Polestar-2023-SE].
Polestar has about 3,300 employees, of which some 1,500-1,600 are employed in Sweden.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
