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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
90 jobs Number of planned job losses
Announcement Date
18 February 2025
Employment effect (start)
1 May 2025
Foreseen end date
1 November 2025
Description
The Swedish insurance company Folksam has announced that 90 jobs will be cut in the company's IT department. The job cuts are part of a savings program announced in 2024, intending to decrease costs by in total of SEK 1.45 billion (€129.9 million).
According to a company representative, negotiations have been held with union representatives and the final number of employees who in the end will lose their jobs is not yet known.
The IT department has about 750 employees and Folksam has in total about 3,500 employees in Sweden. The organisational changes will enter into force on 1 May 2025.
Eurofound (2025), Folksam, Internal restructuring in Sweden, factsheet number 202382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202382.
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