Sweden

Sweden / Unemployment rises again

Over 400,000 people remain out of work according to the latest unemployment figures released by the Swedish employment agency with Trollhättan on the west coast worst affected with a 15.7 rate compared to 8.5% nationally Continue reading →

Young Swedes stream to jobs in Norway

Fully 20 percent of all young workers in Oslo are currently Swedish, according to fresh figures from the independent social economic research foundation Frischsenteret Continue reading →

Sweden / Action on Youth Unemployment called for

Youth unemployment rates in the eurozone and the EU are now 24 per cent. Young people have a higher propensity for civil unrest than older people. The big surprise actually is that the young have been so compliant. It is surprising that social disorder has not occurred on a much greater scale than it has … Continue reading →

Sweden / Tackling youth unemployment through jobs guarantees (video)

Stockholm / Riots and immigration policy

The unrest has provoked intense soul-searching in a country that prides itself for both its generous welfare state and open immigration policy. Sweden accepted 44,000 asylum-seekers in 2012, up by nearly a half from a year earlier. Among industrial countries, it has the second-largest amount of asylum-seekers relative to its population, according to U.N. figures. … Continue reading →

Ericsson / 318 Receive Layoff Notice in Sweden

LM Ericsson Telephone Co. (ERIC: Quote) Tuesday said it has initiated union negotiations to close down its telecom cables operation within business unit Networks. The decision primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall has been given, while a dialog with the unions in Stockholm for … Continue reading →

Sweden / Unemployment Unchanged in April

Swedish unemployment stayed unchanged last month as companies have cut jobs to cope with a strengthening krona and faltering demand from the recession-burdened euro area. Seasonally adjusted unemployment was unchanged at 8.4 percent from the previous month, Stockholm-based Statistics Sweden said today. The rate was predicted to fall to 8.3 percent, according to the median … Continue reading →

Sweden / Arbetsförmedlingen and the Federation of Business Owners to find ‘hidden jobs’ in SME

Sweden’s Employment Agency (Arbetsförmedlingen) and the Swedish Federation of Business Owners (Företagarna) launched their new collaboration on Thursday in the hope of improving recruitment processes across the country. “The Swedish workforce has changed so that four out of five jobs are now in small businesses. It’s clear that it’s trickier for an institution such as … Continue reading →

Sweden / Vattenfall to cut 2,500 jobs

Swedish power company Vattenfall has announced it will slash thousands of jobs by 2015, with Germany to be most affected by the cuts. The utility firm said it had to face up to low electricity prices and overcapacities. Swedish utility company Vattenfall on Wednesday said it would have to lay off 2,500 employees by the … Continue reading →

Sweden / 20 percent of ‘immigrants’ in 2012 were Swedes returning home

Last year, 103,059 people moved to Sweden, taking the country’s population to 9,555,893 by the year’s end, wrote Statistics Sweden (SCB) on Wednesday. The total population increase, however, was 73,038 as almost 52,000 people at the same time decided to leave Sweden. Of these emigrants, 69 percent were people who had at some point immigrated … Continue reading →

Stora Enso / To slash 600 jobs

Nordic paper maker Stora Enso Oyj says that despite strong fourth quarter earnings it will slash 600 jobs due to the weak European economy. Stora Enso says most of the job cuts will take place in Sweden, where it will permanently shut down two paper machines by the end of June. The company also intends … Continue reading →

Sweden / Minister says number of immigrants too high

Sweden’s immigration minister has told a newspaper that Sweden needs to tighten rules for asylum seekers and other would-be immigrants to reduce the number of people coming into the country. “Today Sweden is one of the countries that receives the most immigrants in the EU. That’s not sustainable,” Tobias Billstroem told the Saturday edition of … Continue reading →

Sweden / Seven key facts about unemployment insurance

Today, around 3.4 million workers in Sweden are enrolled in an unemployment insurance fund, according to figures from the Swedish Unemployment Insurance Board (IAF). But figuring out exactly how everything works isn’t always straightforward. Below are a few pointers to bear in mind as you go about signing up. 1) You need to be a … Continue reading →

Sweden / One in four compagnies planning layoffs

A gloomy outlook for Europe and Sweden was the main reason behind almost 25 percent of companies stating that job cuts were high on the list of cost saving measures this year. This is an increase of more than 30 percentage points compared to a similar survey from last year. The report was produced by … Continue reading →

Sweden / SKF to cut 2,500 jobs

SKF (SKFb.ST), the world’s biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts. The Swedish firm, whose bearings are used in a range of products from washing machines to aircraft, is seen as an early indicator … Continue reading →