PostNord

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sweden, Denmark
Sector
Transportation / Storage
53 - Postal and courier activities
53.1 - Postal activities under universal service obligation
53.1 - Postal activities under universal service obligation
2,400 jobs
Number of planned job losses
Job loss
Announcement Date
23 February 2012
Employment effect (start)
23 February 2012
Foreseen end date
31 December 2012

Description

The Swedish and Danish postal service company Post Nord will cut 2,400 jobs during 2012. Some of the job cuts will be implemented through natural attrition.

The cuts are part of a new strategic program since letter volume continues to fall. Additionally, it is reported that the restructuring is part of a strategy designed to make the company ready for entering the stock-market.

Of the 40,000 employees, 25,000 are employed in Sweden. It is believed that the job reduction will be equally distributed between both countries.

Sources

  • 23 February 2012: Dagens Industri

Citation

Eurofound (2012), PostNord, Internal restructuring in European Union, factsheet number 73136, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73136.