Sweden edition

Bonus

The following articles have been tagged with "Bonus":

Problem of profiting ex-politicos not simply money, money, money

Analysis & Opinion: 18 May 12
Abba's famous refrain fails to capture the true cause for concern when Swedish politicians leave government to fatten their wallets in the private sector, argues commentator and historian David Linden. READ »

An international school for a cosmopolitan city

Education: 27 Mar 12
Stockholm is an increasingly popular destination for expatriate workers, and a major effort is underway to accommodate international arrivals. The new International School of the Stockholm Region (ISSR) aims to give foreign children the support they need to thrive in the Swedish capital. READ »

'Sweden is not gender equal': minister

Society: 8 Mar 12
Sweden’s equality minister has spoken out about the lack of gender equality in Sweden, after a recent poll showed that the majority of Swedes believe the country is not gender equal. READ »

'CEOs earn in a year what workers earn in a lifetime': union

Business & Money: 29 Feb 12
CEOs in Sweden earn on average in one year what manufacturing workers stand to earn in their entire lifetimes, according to a report from Sweden's main trade union group. READ »

Abba set to release new album in April

Society: 25 Jan 12
Abba has announced plans to release a deluxe edition of its last studio album which will be the first time since 1994 that the Swedish pop music supergroup has released material previously unavailable to the public. READ »

Volvo wagon Sweden's 'biggest film star'

Society: 20 Jan 12
When naming the Swedish model most often seen on the silver screen, many might guess Greta Garbo. But the correct answer is actually the rather unassuming Volvo 240 station wagon, according to a new ranking. READ »

Ikea founder donates millions to 'hometown' Swedish university

Business & Money: 23 Dec 11
Ikea founder Ingvar Kamprad has donated nearly 1 billion kronor ($146 million) to launch a new foundation to support research at Linneaus University in Kamprad's native region of Småland in south central Sweden. READ »

Sweden's best Christmas markets

Lifestyle: 24 Nov 11
Christmas markets are a feature of Yuletide in Sweden and The Local has put together a pick of the best, all featuring warm spiced "glögg" for the adults, and plenty of fun activites for the children. READ »

Healthcare firm denies letting old man die alone

Business & Money: 15 Nov 11
Healthcare provider Carema, recently ditched by the City of Stockholm after a series of revelations of neglect, has denied reports that staff left a dementia patient to die alone in front of a television. READ »

Swedish reality TV show brings Swedish-Americans back 'home'

Society: 11 Nov 11
A new reality television show offering Swedish-Americans the chance to meet their long-lost Swedish relatives has some critics crying foul, but has been described by participants as the chance of a lifetime, The Local's Joel Linde explains. READ »

Care home staff weigh diapers to save money

National: 11 Nov 11
Employees at the scandal-stricken care provider Carema's nursing homes in Sweden are instructed to weigh pensioners' diapers to assess if they are full or could be used longer, according to staff. READ »

'Secret' bonus scheme at nursing homes revealed

National: 6 Nov 11
Swedish health care provider Carema has received another blow as a "secret" bonus program for managers was revealed just days after staff told how high-savings initiatives have led to neglect of the elderly in their care. READ »

Nordea defends costly CEO flat purchase

Business & Money: 4 Nov 11
The board chair of Swedish bank Nordea has defended the bank's purchase a 22.5 million kronor ($3.4 million) flat in Stockholm for Danish CEO Christian Clausen by arguing that "people actually need to live". READ »

Borg: EU debt crisis not just a eurozone issue

Analysis & Opinion: 13 Oct 11
The current debt crisis is a concern for all of Europe, not just to eurozone countries, Swedish Finance Minister Anders Borg tells AFP's Nina Larsson, highlighting the vulnerability of banks and exports in Sweden as an example. READ »

One in five fathers rejects parental leave: study

Society: 5 Oct 11
Almost 20 percent of Swedish fathers don't take one single day of parental leave during the first four years of their children's life, according to fresh figures from Sweden's social insurance agency Försäkringskassan. READ »

Swedish woman finds toad in pre-packed salad

Society: 20 Sep 11
A woman in central Sweden was shocked to discover a living toad at the bottom of a bag of pre-packaged salad that had been in her fridge for almost a week. READ »

Immigrant language-learning bonus flops

Education: 29 Aug 11
The government’s offer of performance-based bonuses to immigrants who learn the Swedish language in less than a year has failed to produce results, according to a new report. READ »

Saab bonuses upheld despite crisis

Business & Money: 27 Aug 11
Despite the ongoing crisis surrounding Saab no action will be taken over payouts and bonuses paid to shareholders, following a government audit. READ »

Swedish university party life exposed

Lifestyle: 26 Aug 11
With the autumn term in full-swing and students primed to take a break from the books, The Local's Karen Holst takes a look at how 'nations' shape Sweden's college social scene. READ »

Saab bribes probe re-opened in South Africa

National: 31 Jul 11
Following Swedish defence group Saab's admission last month that it paid millions in bribes to secure an arms contract in South Africa, police in that country have re-opened a probe into the controversial deal. READ »

Sweden's top children's playgrounds

Lifestyle: 1 Jul 11
With the summer sun in the ascendancy, it’s time to lather on the sunscreen, pack a picnic, and head out to explore some of the 50,000 playgrounds on offer across Sweden. The Local’s Karen Holst tips some of the country’s best. READ »

Summer staffing threatens patient safety

Science & Technology: 24 Jun 11
New statistics show that a serious shortage of healthcare substitutes during the summer months pose a significant threat to patient safety, according to Vårdförbundet, the Swedish Association of Health Professionals. READ »

BAE behind South Africa payments: Saab

Business & Money: 16 Jun 11
Swedish defense group Saab on Thursday said an internal probe has revealed that BAE Systems secretly paid millions to ensure South Africa purchased Swedish fighter jets. READ »

Parents fail to cash in on gender equity bonus

Business & Money: 3 Jun 11
Swedish parents missed out on over 60 million kronor last year after almost half of couples entitled to the government's gender-equity bonus (Jämställdhetsbonus) neglected to apply. READ »

Saab denies wrongdoing in fighter jet deal

National: 21 May 11
Sweden's largest defense contractor Saab has said a probe looking into alleged secret payments to South Africa has turned up no evidence of wrongdoing. READ »

Saab to examine new JAS Gripen bribe report

National: 18 May 11
Swedish defence firm Saab has announced that it intends to investigate new allegations that a secret payment of over 50 million kronor was paid to an advisor in the deal to sell JAS Gripen aircraft to South Africa. READ »

Volvo helps pioneer 'hands-free' driving

Analysis & Opinion: 18 Apr 11
Swedish carmaker Volvo wants to let drivers kick back, take their hands off the wheel, and catch up on a little TV while barreling down the motorway, all in the name of improving road safety, The Local's Geoff Mortimore explains. READ »

Parental leave equality '30 years away': study

Society: 15 Apr 11
Recent figures show that it will take more than three decades until parents in Sweden share their parental leave benefits equally. READ »

Saab seeks to allay financial health fears

Business & Money: 4 Apr 11
Swedish carmaker Saab and its Dutch owner Spyker took steps on Monday to reassure investors that the future is based on solid financial ground, while reports indicate that Spyker head Victor Muller doubled his salary in 2010. READ »

Swedish lesbians allege parental leave bonus discrimination

Society: 2 Apr 11
A lesbian couple has accused Sweden's social insurance agency of discrimination after being denied the right to the government's gender equity bonus for parents who share parental leave equally. READ »

Swedish finance firms skirt bonus rules: report

Business & Money: 21 Feb 11
Roughly half of Sweden's financial firms have failed to abide by rules for handing out performance-based bonuses, a new report has shown. READ »

Hit the slopes in southern Sweden? Javisst!

Travel: 18 Feb 11
The mountainous north isn't the only place in Sweden where ski bums can carve their way down the hill. Even the flatlands of Skåne have a few slopes that can provide for some wintertime fun, The Local's Karen Holst explains. READ »

Bonuses to boost gender equity at Swedish unis

Education: 21 Jan 11
Swedish universities should be offered cash ‘equality bonuses’ for making significant strides toward increased gender equity, a government commission has proposed. READ »

Health system wait times improve in Sweden

Science & Technology: 20 Jan 11
While Sweden’s health system now delivers care to 90 percent of patients within prescribed time limits, social affairs minister Göran Hägglund believes too many Swedes are forced to wait too long for the care they need. READ »

Swedish union head to leave next year

National: 12 Jan 11
Wanja Lundby-Wedin, the chairwoman of one of Sweden's largest and most influential trade union groups, has announced that she will step down at the group's next congress in the spring of 2012. READ »

Millions paid to Swedish lotto chief

Business & Money: 3 Jan 11
The boss of the Swedish Postcode Lottery earned nearly double the amount of his previously declared compensation, it was revealed on Monday. READ »

Swedish firm lets workers vote on bonuses

Business & Money: 17 Dec 10
A software firm in eastern Sweden has elected to take a democratic approach for distributing this year's 15 million kronor ($2.21 million) bonus among the company's employees. READ »

Sweden's Karlsson pips Poulter in thrilling playoff

Sport: 29 Nov 10
Sweden's Robert Karlsson denied England's Ian Poulter back-to-back titles on the European Tour when he won the $7.5 million (52.49 million kronor) Dubai World Championship after a thrilling playoff battle on Sunday. READ »

Outrage over 'US-style' pay for Electrolux CEO

Business & Money: 26 Nov 10
Union representatives for workers at Swedish appliance manufacturer Electrolux have railed against the generous pay package for incoming American CEO Keith McLoughlin. READ »

Swedbank leaps on strong interim report

Business & Money: 21 Oct 10
Sweden's Swedbank stock jumped on Thursday after the firm posted stronger-than-expected third quarter operating profit, lower credit losses and a profit in the Baltics for the first time since late 2008. READ »

Vilks arsonists face appeals court trial

National: 6 Sep 10
Two brothers sentenced to prison for firebombing the home of Swedish artist Lars Vilks in mid-May will appear in court on Monday to appeal the ruling. READ »

Vilks arsonists plan to appeal prison sentences

National: 19 Jul 10
The two brothers who last week were sentenced for firebombing the home of artist Lars Vilks will appeal the sentence, the younger brother's lawyer announced on Monday. READ »

Brothers jailed for Vilks arson attack

National: 15 Jul 10
The two brothers accused of fire-bombing the home of Swedish Muhammad cartoonist Lars Vilks, have been imprisoned, with the older brother being served a three year sentence and the younger two years. READ »

Swedish bosses slate bonuses

Business & Money: 12 Jul 10
Many Swedish company bosses complain that bonuses reward short-term gains rather than their firms’ long-term interests, according to a new survey. READ »

Brothers deny Lars Vilks arson attack

National: 7 Jul 10
The trial of two brothers accused of fire-bombing the home of Swedish Muhammad cartoonist Lars Vilks opened on Tuesday with one of them describing the artist as "Islams's greatest enemy". READ »

Social Democrats seek apology over Sahlin slur

Politics: 27 Apr 10
Top Social Democrat Thomas Östros has demanded an apology from Mats Odell after the local government minster dredged a 15-year-old scandal back up to the surface of Swedish politics. READ »

TeliaSonera approves government bonus ban

Politics: 8 Apr 10
Swedish-Finnish telecom firm TeliaSonera voted at its AGM on Wednesday to ban bonuses for senior staff after a proposal from the Swedish state's representative. READ »

Borg pares back municipal billions

Business & Money: 6 Apr 10
As the economic recovery continues, Sweden's government has said local councils can expect 12 billion kronor ($867 million) less in state funding next year following a temporary 17 billion kronor cash injection for 2010. READ »

Controversial bonus windfall for Nordea heads

Business & Money: 24 Mar 10
Capital Markets, the investment banking arm of Nordic finance giant Nordea, has awarded record bonuses for 2009 to staff and senior managers despite criticism from its major shareholder the Swedish state. READ »

'Parental equality bonus has no effect': report

Society: 23 Mar 10
The introduction of a parental leave gender-equity bonus on July 1st 2008 has had no effect on how parents elect to divide up time spent caring for their children, a new report from the Social Insurance Agency shows. READ »

'Foreign student places under threat': agency

Education: 12 Mar 10
New admissions regulations for Swedish universities set to be introduced in the autumn are likely to mean fewer places available for foreign students and could be in breach of EU law, according to the National Agency for Higher Education. READ »

Svanberg claims millions in holiday pay out

Business & Money: 8 Mar 10
Carl-Henric Svanberg, the former CEO of Swedish telecom firm Ericsson, has been paid 6.8 million kronor ($960,000) for accrued holiday that he was unable to take. READ »

'Force councils to accept refugees'

Politics: 19 Feb 10
The opposition Social Democrats have called for legislation to force all of Sweden's municipalities to accept their share of refugees. READ »

Nordea bank ignores Swedish bonus ban

Business & Money: 17 Feb 10
The board of Nordea has decided to act in open defiance of the Swedish government and is pressing ahead with a new bonus scheme. READ »

SEB slashes bonuses as profits fall

Business & Money: 10 Feb 10
Swedish bank SEB has reported an operating profit of 564 million kronor ($77 million) for the fourth quarter 2009, down on 2008 but better than expected. SEB announced a 2.2 billion kronor dividend, while staff bonuses will be cut. READ »

Swedbank to ditch bonuses for 2009

Business & Money: 27 Jan 10
Swedbank has decided to scrap its 2009 bonus payments, bowing to criticism that Swedish banks had not done enough to trim variable compensation despite lower earnings. READ »

Moderates add feminist touch to policy platform

Politics: 25 Jan 10
The Moderate Party is making an election year play to increase its appeal to feminist voters, promising to take on gender-based pay disparities and ranking schools according to gender equity, among other proposals. READ »

Bonus-happy banks risk tougher rules: Borg

Business & Money: 13 Jan 10
Swedish banks could be hit with even tougher restrictions on bonuses if they don’t follow new rules presented by the country’s financial system watchdog, finance minister Anders Borg warned on Tuesday. READ »

Renewed criticism over Swedish bank bonuses

Business & Money: 11 Jan 10
Bonus payments increased at Sweden’s four largest banks last year, despite a sharp drop in the banks’ results, according to an ongoing review by the Swedish financial authorities READ »

Gambling site to repay addict's lost millions

Business & Money: 28 Dec 09
In a surprising move, a gaming company has agreed to pay back some of the millions of kronor a company in Uppsala in eastern Sweden lost due to an employee’s gambling addiction. READ »

Sweden and the art of standing in line

Analysis & Opinion: 30 Nov 09
Grab a ticket, wait your turn, then pounce. Paddy Kelly examines the vicissitudes and intricacies of queuing in Sweden. READ »

Politician calls for green diaper bonus

Politics: 7 Oct 09
Politicians have used their full powers of imagination in drafting more than 3,000 parliamentary motions this year that deal with everything from the need for a Minsiter of the Suburbs to a government inquiry into the lives of cats. READ »

Swedish grocers' earnings outstrip CEOs

Business & Money: 1 Oct 09
The most successful franchisees of the Swedish grocery store chain ICA are coining in more remuneration than many CEOs of large companies listed on the Swedish stock market. READ »

Swedish banks' bonus bonanza continues

Business & Money: 29 Sep 09
The four main Swedish banks, some of which have requested bailout money from shareholders and the state, are expected to dish out a whopping 5.4 billion kronor ($769 million) in employee bonuses for 2009. READ »

Reinfeldt to G20: 'Cap bank bonuses'

Politics: 18 Sep 09
Swedish Prime Minister Fredrik Reinfeldt succeeded on Thursday in convincing European leaders to agree to push for limits on bonuses for bankers at the upcoming G20 summit. READ »

Reinfeldt calls for end to banks' bonus culture

Business & Money: 16 Sep 09
Swedish Prime Minister Fredrik Reinfeldt took aim at bonuses common at large banks when he opened the Swedish parliament on Tuesday, saying big bonuses "must come to an end". READ »

Sweden calls for EU unity to curb bank bonuses

Business & Money: 4 Sep 09
The Swedish government has called on EU leaders to agree to curb bankers' bonuses when they meet on September 17th ahead of G20 talks on the economic crisis. READ »

Reinfeldt calls September EU summit

Politics: 4 Sep 09
Sweden's prime minister Fredrik Reinfeldt has called a an extraordinary EU summit on September 17th to prepare for the upcoming G20 summit in Pittsburgh, the Swedish EU presidency announced in a statement on Friday. READ »

Bank bonus culture must end: Borg

Business & Money: 2 Sep 09
Finance Minister, Anders Borg, will tell EU finance ministers today that the culture of high bonuses that exists in the banking sector must end. READ »

Legislate right to full-time employment: Left Party

National: 30 Aug 09
The Swedish Left Party (Vänsterpartiet) wants to abolish several reforms adopted by the governing Alliance parties, according to a new report. These would include the childcare allowance, the equality bonus and tax deductions for household services. READ »

Sweden mulls EU summit to discuss crisis

Politics: 26 Aug 09
The Swedish EU presidency is considering calling an extraordinary EU summit in September to find common ground ahead of a G20 meeting about the global economic crisis in Pittsburgh. READ »

Saab sales in Sweden near rock bottom

Business & Money: 3 Aug 09
Car dealers in Sweden are continuing to suffer from the economic downturn, with Saab seeing the worst of a dip that saw fewer 400 of its new cars hit the roads in July. READ »

Ibrahimovic leaves Inter ahead of expected Barca signing

Sport: 24 Jul 09
Swedish football favourite Zlatan Ibrahimovic has left his Inter Milan teammates to return to Sweden in anticipation of signing a new contract with Spanish Champions Barcelona. READ »

Anders Borg: Sweden's long-haired maverick minister

Analysis & Opinion: 22 Jul 09
With Anders Borg, Sweden’s pony-tailed Minister of Finance, now helping the EU navigate through the global economic slump, the AFP’s Marc Preel takes a look back at the rise of this self-described pragmatist. READ »

Business leaders urge cut in Sweden's capital gains tax

Business & Money: 24 Jun 09
Sweden needs to cut its capital gains tax in order to maintain its competitiveness, according to a new report from an influential business group. READ »

AMF Pension reaches settlement with ex-CEO

Business & Money: 23 Jun 09
The former CEO of Swedish pensions firm AMF Pension has agreed to reimburse his old employer following a bonus scandal that jeopardized the career of trade union chief Wanja Lundby Wedin. READ »

Test sites named for Swedish language-learning bonus

Society: 11 Jun 09
Thirteen Swedish municipalities have been chosen to participate in the first phase of a plan to reward newly arrived immigrants who perform well in state-funded language classes. READ »

Appeals court clears ex-Skandia director

Business & Money: 1 Jun 09
The Svea Court of Appeal has acquitted Ulf Spång, the former director of Swedish insurance firm Skandia, of charges of tax evasion. READ »

Language-learning bonus 'unfair' to struggling immigrants

Society: 13 May 09
A proposal to offer performance-related bonuses to immigrants who complete state-funded language courses within one year has raised concerns from both students and teachers. READ »

Swedes back bonuses: study

Business & Money: 3 Apr 09
Despite intense media focus on the issue of executive bonuses, Swedes are resoundingly in favour of performance-related pay, a new survey shows. READ »

AMF Pension ex-CEO makes pensions agreement public

Business & Money: 2 Apr 09
AMF Pension embattled former CEO Christer Elmehagen has reached an agreement with the firm's chairperson Göran Tunhammar to make public part of his controversial pension agreement. READ »

Sweden extends bank rescue plan

Business & Money: 2 Apr 09
Sweden's government announced on Thursday a six month extension to the 1.5 trillion kronor ($183.8 billion) bank rescue plan that was announced in October. READ »

Swedish banks pay out billions in bonuses

Business & Money: 1 Apr 09
Sweden's main banks, some of which have requested state assistance to help cover substantial losses, have rewarded employees for their performance in 2008 with a total of 5.7 billion kronor ($690 million) in bonuses. READ »

'It would be cowardly to resign': union chief

National: 27 Mar 09
The head of Sweden's Trade Union Confederation (LO), Wanja Lunby-Wedin, has said she has no intention of resigning in the wake of the AMF Pension bonus scandal. READ »

Pressure mounts on union head to quit

Politics: 25 Mar 09
The head of the third largest district of Sweden’s Trade Union Confederation (LO), is calling for the organization’s national leader, Wanja Lundby-Wedin, to step down. READ »

Union leader in hot seat over AMF Pension row

Business & Money: 24 Mar 09
The head of Sweden’s main trade union group is facing a storm of media criticism following revelations that she approved a lavish pension package for former AMF Pension CEO Christer Elmehagen. READ »

'No bonuses at state-owned companies'

Business & Money: 24 Mar 09
The Swedish government has said it wants to end bonuses and variable compensation for executives at state-owned companies. READ »

Bullet sent to Sweden's finance minister

National: 20 Mar 09
A letter with a .22-calibre bullet arrived at the offices of Swedish Finance Minister Anders Borg on Thursday courtesy of a leftist extremist group angered by bonuses paid to executives at state-owned companies. READ »

Borg forecasts 'crisis into 2010'

Politics: 14 Mar 09
Sweden's finance minister Anders Borg said on Saturday that he expects the current financial crisis to continue well into 2010 with 'aftershocks' expected in 2011 and 2012. READ »

SEB executives forego pay rises after media storm

National: 14 Mar 09
Swedish bank SEB CEO Annika Falkengren on Saturday apologized to the bank's customers and employees after the outcry that followed a decision to hike executive pay. READ »

Sweden to reward quick learning immigrants

Education: 13 Mar 09
The Swedish government has announced the launch of a performance-related bonus for immigrants pursuing state-funded language courses. READ »

Reinfeldt calls SEB pay raises 'indulgent'

Politics: 12 Mar 09
Swedish Prime Minister Fredrik Reinfeldt has joined Social Democratic leader Mona Sahlin in lashing out against the SEB banking group over a decision to hike executive pay. READ »

Volvo Cars freezes salaries to avoid redundancies

Business & Money: 12 Mar 09
Swedish car maker Volvo Cars announced on Thursday a freeze on salaries of all employees and slash executive pay in an attempt to avoid further redundancies. READ »

Investor boss gets big pay packet

Business & Money: 9 Mar 09
The chief executive of Investor, the holding company of the Wallenberg family, received a pay packet worth 15.4 million kronor for 2008, despite the company posting a loss of 37 billion kronor. READ »

'Baby bonus' would pay Swedish parents to have children

Society: 9 Mar 09
In an effort to boost Sweden’s birthrate, the Christian Democrats are considering a proposal that would pay families 10,000 kronor ($1,085) for every newborn child. READ »

Borg blasts state bonus hikes

Politics: 5 Mar 09
Finance Minister Anders Borg on Thursday admonished the boards of Sweden’s state-owned companies for "grave infractions" in awarding executive bonuses. READ »

Volvo drops bid to boost executive pay

Business & Money: 4 Mar 09
Sweden’s Volvo Group said it was scrapping a proposal to raise executive bonuses on the same day its truck making subsidiary announced it was halting production at one of its plants. READ »

Volvo pay raise 'insulting': Reinfeldt

Business & Money: 2 Mar 09
Volvo Group’s plan to raise the salaries of 250 top executives is “insulting” according to Prime Minister Fredrik Reinfeldt. READ »

Volvo Group to boost executive pay despite losses

Business & Money: 27 Feb 09
Sweden’s Volvo Group announced on Thursday it had approved pay raises for 250 high-ranking executives this year, despite heavy fourth quarter losses at the world’s second largest truck maker. READ »

Frosty reception for vulnerable refugees

Society: 12 Feb 09
The unwillingness of Swedish municipalties to take in refugees who are traumatised or disabled has been described by the head of the Migration Board as "a major problem". READ »

Meet Sanna, 9 years old

Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »

Strindberg, king of drama

August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »

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