Restructuring events
European Restructuring Monitor (ERM)
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.
The Swedish Social Insurance Administration (Försäkringskassan) aims to cut about 1,400 jobs, or nearly 9% of its work force, during 2007 as a cost-saving move. As announced on 16 January 2007, the government agency, which monitors and runs the country's elaborate social insurance system, said about half the reductions will be done through layoffs, with the other half through retirement schemes and voluntary resignations. "We have to use the means we get from taxpayers in an efficient and rational way," General Director Curt Malmborg said in a statement. He added the job cuts would lead to "some problems" in the short term, but that it will prove more efficient in the longer term. The agency currently employs about 16,000 workers. "This is a necessary and natural development," he said. "We're going to be an efficient authority that answers to people's demands and needs in a good way."
Eurofound (2007), Försäkringskassan, Internal restructuring in Sweden, factsheet number 64779, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64779.