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.
Administrative Services Office Administrative, Office Support And Other Business Support Activities Business Support Service Activities N.E.C. 82.9 - Business support service activities n.e.c.
60 jobs Number of planned job losses
Announcement Date
14 May 2014
Employment effect (start)
Foreseen end date
1 September 2014
Description
Business Sweden, the former Swedish Trade Council, has announced that it will cut 60 jobs in Sweden. Business Sweden is an organisation which aims to help Swedish companies grow internationally and to attract foreign investment to Sweden.
The source reports that the job cuts are a result of a decline in profits by SEK 42 million (€ 4.7 million) from the previous year (2013) and a decline in its equity by 50% over the last six years. The restructuring is a part of a cost savings program to address its budget deficit and to make the organisation more efficient.
Sources
14 May 2014: Svenska Dagbladet
Citation
Eurofound (2014), Business Sweden, Internal restructuring in Sweden, factsheet number 77008, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77008.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
