Swedish jobs moved to China
TT/Paul O'Mahony · 9 Nov 2006, 11:16
Published: 09 Nov 2006 11:16 GMT+01:00
China was the most common destination for companies departing from Swedish shores in the period 2002-2004. One in six redundancies resulted from a move to the Asian giant.
Over half of the jobs were lost when an employer decided to relocate its production to a low cost country. After China, Poland and the Baltic states were the most popular destinations for Swedish companies.
Foreign-owned companies were more likely than their Swedish-owned counterparts to move overseas. A full 54 per cent of employees given notice because of relocation were working for foreign-owned companies at the time. Swedish companies meanwhile accounted for 38 per cent of the total.
The electronics, textiles and rubber industries were hardest hit, with 0.8 per cent of all employees in these areas losing their jobs. This can be compared to 0.4 per cent for the industrial sector as a whole.
The Småland region, as well as the islands of Gotland and Öland, felt the pinch more than most. In Småland, 0.7 per cent of all workers in the industrial sector lost their jobs.
Of the 2,407 people given notice in 2002, 1,883 were later made redundant. But six out of every ten employees who lost their jobs in 2002 had managed to find new employment by 2004.
In Stockholm 82 per cent of those made redundant in 2002 managed to secure new employment. In Norrland, however, only 35 managed to do so. The rest have crept into unemployment statistics or are kept busy by labour market programmes.