Job Market Monitor
Sweden
Sweden / Older immigrants face lower pensions
Immigrants to Sweden who move here before their 35th birthday have enough time to work towards a pension that is almost equal to people born in Sweden, but older immigrants risk lagging behind socio-economically, a new statistics review shows. “Income levels differ sharply, depending on when in life one immigrated to Sweden,” Statistics Sweden (Statistiska … Continue reading
EU calls for youth guarantee schemes
EU member states should guarantee that young Europeans do not remain out of work or education for more than four months, according to a scheme unveiled Wednesday by the European Commission. However the cost of tackling youth unemployment would largely fall to the states, said EU Employment Commissioner Laszlo Andor, adding that “the costs of … Continue reading
Learning from Sweden’s return to full employment in the late 1990s
In the mid to late 1990s, Sweden’s economy staged a remarkable resurgence from a three-year-long recession which had left it with the largest government budget deficit in the OECD. In this essay for IPPR, former Swedish finance minister Par Nuder reflects on the policies and politics that enabled his country’s recovery. In the early 1990s, … Continue reading
Sweden / Layoffs double
Redundancies in Sweden are on the rise, with a fresh report showing that twice as many workers were laid off in October compared to the same month last year, making for a labour market climate similar to that of 2009. Some 10,300 people were made redundant in October, according to fresh figures from the Swedish … Continue reading
Husqvarna – To Cut 600 Jobs, almost half in Sweden
Husqvarna AB (HUSQB), the world’s biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014. “The proposed measures aim to improve efficiency, reduce the fixed cost base and further increase flexibility,” Chief Executive Officer Hans Linnarson said in … Continue reading
Sweden – Ericsson – 1550 jobs cut
Ericsson (NASDAQ:ERIC) informs its employees in Sweden about the plan to reduce its operations in Sweden that involves a reduction of an estimated 1,550 positions, covering all job areas, including sales, general and administration, research and development, supply and service delivery. “It is naturally a difficult message for our employees in Sweden,” says Tomas Qvist, … Continue reading
Sweden – Mass Job Cuts Belie Government Optimism
TeliaSonera AB (TLSN) yesterday became the latest in a string of Swedish companies to announce mass job cuts, prompting economists and unions to question the government’s forecast that unemployment will fall next year. TeliaSonera, Sweden’s biggest phone company, said it will eliminate 2,000 jobs as growth stalls, declining to say how many cuts will be … Continue reading
Sweden – Volvo Cars to Halt Production
Volvo Car Corp. Monday said it would halt production for a week from Oct. 29 at its plant in Torslanda, Sweden, in the latest response to shrinking demand from an auto maker. “The recession in Europe is deepening and that impacts customers’ willingness to buy new cars,” said Volvo spokesman Per-Ake Froberg. “Therefore we have … Continue reading
Sweden – Unemployment rate increases of 0.6 percentage points at 7.2 percent
In August 2012 the number of employed persons aged 15-74 years amounted to 4 738 000. The number of unemployed persons amounted to 366 000, corresponding to an unemployment rate of 7.2 percent, an increase of 0.6 percentage points. On average the number of hours worked was 125.1 million per week. Seasonally adjusted data shows … Continue reading
Säpo to cut jobs due to ‘financial strain’ – The Local
Swedish security service Säpo will be making major staff cutbacks due to “economic strain”, news that comes shortly after revelations of their 5.3 million kronor ($802,500) James Bond-themed party last year. One in ten staff members will lose their jobs as a result of the “tough economic times” for the agency, wrote the Dagens Nyheter … Continue reading
Sweden – €4.3 million to help former AstraZeneca workers in
The European Commission has today proposed to provide Sweden with €4.3 million from the European Globalisation Adjustment Fund (EGF) to help 700 workers made redundant by the pharmaceutical firm AstraZeneca back to employment. The proposal now goes to the European Parliament and the EU’s Council of Ministers for their approval. EU Commissioner for Employment, Social … Continue reading
Finland | Tieto | After 1300 job cuts
Despite 1300 job cuts globally, Finland’s IT major Tieto Corporation is planning to restructure the business and may exit some unprofitable markets. Tieto will downsize 1,300 jobs including about 500 in Finland and 300 in Sweden. The company is planning to save over 50 million euros in annual costs by cutting these jobs. Speaking to … Continue reading
OECD | Vocational Education and Training : Strengths, Challenges and Recommendation: Australia, Austria, Belgium, Chile, China , Czech Republic, Germany, Hungary, Ireland, Korea, Mexico, Norway, Sweden, Switzerland, United Kingdom, United States (South Carolina and Texas)
The OECD publishes a series of summary sheets on education and training (VET) in Australia, Austria, Belgium, Chile (also in Spanish), China (also in Chinese) , Czech Republic, Germany, Hungary, Ireland, Korea, Mexico, Norway, Sweden, Switzerland, United Kingdom, United States (South Carolina and Texas). Each of them deals with strengths, challenges and advances recommendations. Australia … Continue reading
Older Workers | Swedih Companies | Among the worst
Despite a large share of Sweden’s senior work force en route for retirement in the next few years, Swedish companies are among the worst in the world at recruiting and keeping people over fifty in employment. According to a study carried out by recruitment agency Manpower, only eight percent of Swedish employers have a strategy … Continue reading
Sweden Unemployment Rose in January as Debt Crisis Hits Demand – Bloomberg
Swedish unemployment rose more than estimated last month as Europe’s debt crisis weighs on demand in the largest Nordic economy. The non-seasonally adjusted unemployment rate, based on a survey of about 29,500 people, rose to 8.0 percent from 7.1 percent the prior month, Stockholm-based Statistics Sweden said today. The median estimate of 13 economists surveyed … Continue reading
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