Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

350 jobs
Number of planned job losses
Job loss
Announcement Date
24 October 2008
Employment effect (start)
14 November 2008
Foreseen end date
14 November 2009

Description

Due to a decrease in demand for residential buildings in Scandinavia, JM has given notice to 350 employees. The total number of employees in Sweden is approximately 2200. JM is one of the Nordic region's leading developers of housing and residential areas. Operations focus on new production of homes with main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland as well as Belgium.


Sources

  • 25 October 2008: Dagens Industri
  • : (www.jm.se)

Citation

Eurofound (2008), JM, Internal restructuring in Sweden, factsheet number 67941, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67941.