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
2,400 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73136.
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