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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.1 - Postal activities under universal service obligation
1,000 - 2,000 jobs Number of planned job losses
Announcement Date
25 February 2010
Employment effect (start)
Foreseen end date
31 December 2010
Description
Posten Norden, the merged national post services of Sweden and Denmark, plans to cut 1,000 - 2,000 jobs in Sweden and Denmark during 2010. The reason is the 700 million SEK (70 million EURO) loss incurred during the last quarter of 2009. The crisis, coupled with customers' increased use of internet services have left the national post services struggling. Last year, the company cut 4,000 jobs in a restructuring programme designed to combat the economic crisis. Cutting an additional 1000 - 2000 jobs, is according to the company, necessary in order to streamline the operation and adapt costs to plummeting revenues.
Sweden and Denmark merged their national post services in June 2009.
Sources
24 February 2010: Dagens Industri
Citation
Eurofound (2010), Posten Norden, Internal restructuring in European Union, factsheet number 70235, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70235.
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