Restructuring events
European Restructuring Monitor (ERM)
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.
Swedish construction company Skanska has announced its plan to lay off 165 employees in the Stockholm-area. In total, 90 blue-collar workers and 75 white-collar workers risk losing their jobs. According to the company, the need to lay off employees is directly related to the effects of the COVID-19 pandemic. Skanska argues that they seek to find a balance between two parallel trends in the market: increased insecurity and cautious investors on one hand, and the need for competent employees in case investments in infrastructure projects will be used as a method to boost the economy on the other hand.
The company is currently looking for alternatives for dismissals. They will also offer support for the dismissed employees for instance in the form of further education and training.
Skanska is one of the largest construction companies in Sweden. According to their website, they currently employ approximately 9,300 employees in Sweden.
Eurofound (2020), Skanska, Internal restructuring in Sweden, factsheet number 101541, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101541.
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