Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Programming And Broadcasting Activities
60 - Programming and broadcasting activities

500 jobs
Number of planned job losses
Job loss
Announcement Date
15 November 2007
Employment effect (start)
15 November 2007
Foreseen end date
31 December 2011

Description

SVT, the Swedish state owned television organization, has announced that it is to cut 500 jobs across Sweden. Management at the firm attribute the job losses to the need to cut costs in order to compete with commercial television and to spend more on the production of television programmes. The job losses will be implemented by 2012. SVT employs 3,000 in Sweden.


Sources

  • 15 November 2007: Dagens Industri

Citation

Eurofound (2007), SVT, Internal restructuring in Sweden, factsheet number 66035, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66035.