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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.20 - Construction Of Residential And Non-Residential Buildings
145 jobs Number of planned job losses
Announcement Date
20 August 2024
Employment effect (start)
20 February 2025
Foreseen end date
31 May 2025
Description
Swedish construction company JM has announced the dismissal of 145 employees, concerning mainly craftsmen in the company's Swedish production. The reason provided by the company for the redundancies is lack of work.
According to JM, the housing market is still hesitant and thus doesn't allow for the starting of new housing projects in a similar pace and size as already completed projects.
Last time JM announced a need for redundancies was in 2023, also due to the recession and a reduced demand of construction (JM-2023-SE).
Eurofound (2024), JM, Internal restructuring in Sweden, factsheet number 201480, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201480.
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