• Sweden edition
 
Redundancy notices hit three-year high

Redundancy notices hit three-year high

Published: 12 Oct 2012 15:41 GMT+02:00
Updated: 12 Oct 2012 15:41 GMT+02:00

Almost 50,000 people have been served redundancy notices in 2012, the highest figure in three years, according to new figures from Sweden's National Public Employment Agency (Arbetsförmedlingen).

The figures come on the back of 7,300 redundancy notices in September and amid warnings that there is little light at the end of the tunnel.

"We are seeing increasing concern for the debt crisis and demand crisis in Europe which affects us very much and it is very, very worrying," said Minister for Employment Hillevi Engström to the TT news agency.

According to the statistics, some 46,500 people had been served with redundancy notices through the end of September, in comparison to a figure of just under 30,000 for the corresponding period of 2011.

October has continued the trend with news reports indicating that a further 1,200 people across the country have been served notice of redundancy.

Among the companies announcing lay offs is steel firm SSAB which indicated on Thursday that 450 jobs would be cut, and paper firm Holmen which has announced the closure of its paper plant in Hallstavik north of Stockholm.

Anders Rune, head economist at employer's group Industriföretagen, argued that the crisis within the Swedish manufacturing industry is only just beginning.

"We can't detect the outline of the bottom of the economic cycle just yet," he said.

According to union group IF Metall, over 100,000 jobs have been lost within Swedish industry since the spring of 2008.

But Hillevi Engström rejected claims that Sweden is heading for the "mass unemployment" which the Red-Green opposition has long argued already exists.

"No we are not there yet. We have concerns in Sweden, but at the same time we can note that we have the lowest level of long-term unemployment in Europe."

TT/The Local/pvs (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

19:36 October 12, 2012 by Great Scott
I see the Moron Moderates policies are working to plan, they must be very happy. I wonder how long their beloved sheep will continue to support them, maybe until they lose their jobs. Interesting how Hillevi Engström continues to deny there is a problem. I can see the sign now "Will the last worker please turn off the lights and lock the door behind them."
14:26 October 14, 2012 by Social Hypocrisy
You must be right GS, the Moderates policies have lead to Sweden being reguarded as on of europes biggest failiers in the present crisis.

Haaah, if you believe that there really is no hope for you.
17:01 October 14, 2012 by Great Scott
@Social Hypocrisy

Just as alcoholics and druggies go into denial it is the same with right wing supporters. Any financial gains made by Sweden were made by saving money from the huge cuts that they made in public services. The majority of Swedes now see this as unemployment rises to levels never seen in over 100 years. I don't have worry about "hope" as I am lucky enough not to be under the influence of an incompetent government that you have in Sweden. By the way don't believe you have it so good in Sweden other countries in Europe are doing far better.
Today's headlines
Ica pulls contested Easter commercial off TV
Grossed out Ica woman at Easter dinner. Screengrab from Ica

Ica pulls contested Easter commercial off TV

A Swedish supermarket has decided to withdraw its Easter commercial, after Christians complained it made a mockery of communion - "They crossed the line." Sweden's advertising watchdog will now look into the case. READ () »

Dismemberment killer gets sentence cut
The search and rescue operation in northern Sweden. File photo: TT

Dismemberment killer gets sentence cut

The 22-year-old man convicted of murdering his ex-girlfriend in northern Sweden had his sentence reduced on Wednesday, in part due to his "peculiar personality". READ () »

School gas leak sends 25 to hospital

School gas leak sends 25 to hospital

An elementary school in southern Sweden was evacuated on Wednesday and dozens of pupils were taken to hospital after the smell of gas spread through the rooms. READ () »

Swedes vote for country's nicest cock
The Flymen Church weathercock in all its newly gilded glory. Photo: TT

Swedes vote for country's nicest cock

A Swedish churchwarden has reacted with joy upon finding out the parish has Sweden's nicest weathercock. READ () »

Greens push rich tax to finance schools
Per Bolund of The Greens. File photo: TT

Greens push rich tax to finance schools

Sweden's third largest party The Greens revealed its shadow budget on Wednesday, targeting schools and youth employment. High earners would have to pitch in more. READ () »

Holiday status updates 'not a burglary risk'
Ibiza, you say? File photo: Jonas Ekströmer/TT

Holiday status updates 'not a burglary risk'

Mythbusting Swedish researchers have found no link between gushing about your upcoming holiday online and returning to an emptied house. They told The Local that a trip to Ikea could be much more dangerous. READ () »

Woman charged after accusing beggar of theft
The people in this picture are not those from the story. Photo: TT

Woman charged after accusing beggar of theft

A woman in Gothenburg who accused a beggar of robbing her has been charged with fraud and false accusations. READ () »

Swedish royals set baptism date for princess
Photo: Kungahuset

Swedish royals set baptism date for princess

Sweden's royal family has set the date for the baptism of Princess Leonore. READ () »

The Local List
Evidence Game of Thrones is set in Sweden

Evidence Game of Thrones is set in Sweden

With Swedish Game of Thrones fans frothing at the mouth at the season four premiere, The Local revisits its list of ten reasons why the hit books and show are (probably) based in Sweden. READ () »

'Baffling' Swedish raid on German sub makers
The Kockums Malmö shipyard and FMV headquarters. Files: TT

'Baffling' Swedish raid on German sub makers

After the Swedish military raided the Malmö premises of German defence giant Thyssen Krupp, a military expert tells The Local why recent Russian aggression means Sweden's Saab needs to take control of national submarine production. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Politics
Who's the prime minister's heir?
Alfie Atkins
Society
Are children's books the key to families integrating in Sweden?
National
'Sweden Dem protests cater to party's martyr image'
National
'Swedish research grants were fantastic, but now it's like Australia'
Society
Only in Sweden: The ten problems you'd never encounter elsewhere
National
Swedes stopped to take my picture, but didn't look me in the eyes
Business & Money
A swipe of the hand replaced cash and cards in Lund
YouTube
Features
Video: Oliver Gee finds out how to embrace The Swedish Hug
TT
National
Abba duo hints at reunion
Private
National
Flash mobs hug it out across Sweden
Finest.se
Gallery
People-watching April 11-13
TT
Politics
Swedes to give six-hour workday a go
Advertisement:
TT
Society
Aussie choir member wows Abba in Sweden
YouTube
Society
Stockholm magic a surprise YouTube hit
Fastighetsbyrån
Society
Gallery: The Local's Property of the Week
Private
Society
Swedes find 200-year-old gravestone in living room
Stockholm School of Economics
Sponsored Article
Why a bachelor's degree is no longer enough
Deepti Vashisht
Features
Deepti Vashisht dissects the magic of Sweden's personal ID number
Shutterstock
Society
Ten signs you've been in Sweden too long
Society
Jimi Fritze heard every word when doctors discussed taking his organs
Society
A Swedish farmer explains why the new bestiality ban is 'pointless'
Society
'Blondes have more brains': Swedish study
TT
Society
VIDEO: Leaked 'Save Slussen' film goes viral
finest.se
Gallery
People-watching, March 28-30
ESL
Sponsored Article
Learning Swedish the easy way
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Blog Update: The Diplomatic Dispatch

28 October 15:16

The Green Growth Group Summit »

"Today on the 28 October in Brussels, a large group of key EU Ministers and business people, including UK Secretary of State for Energy and Climate Change Edward Davey, and Swedish Environment Minister Lena Ek, will meet to discuss green growth. They all have a stake in resolving a challenge which, although it is crucial..." READ »

737
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com