Financial Markets Minister Per Bolund, left, and Finance Minister Magdalena Andersson, with economic policy spokespersons from the Liberal and Centre parties at a press conference on March 11th. Photo: Anders Wiklund/TT
- 41 million – The Public Health Agency of Sweden (Folkhälsomyndigheten)
- 20 million – The National Board of Health and Welfare (Socialstyrelsen)
- 5 million – The Swedish Medical Products Agency (Läkemedelsverket)
Stefan Ingves, governor of the Swedish Central Bank. Photo: Claudio Bresciani/TT
4. Swedish jobs and mortgages
The airline and hotels businesses are haemorrhaging jobs with the tourism sector having laid off more than 15,000 employees as of March 16th.
The airline company Norwegian has cancelled over 4,000 flights and has said it needs to lay off more than 50 percent of their employees. The company has also stated that it needs financial support within a few weeks in order to survive. Similarly, SAS has announced plans to make up to 10,000 staff members temporarily redundant.
The aviation airline Norwegian is close to bankruptcy. Photo: Johan Nilsson/TT
Several other airlines have also notified that they need to cut down on staff expenditures.
“I think we all realise that this is the biggest challenge the aviation business has ever faced, bigger than during the financial crisis,” Infrastructure Minister Tomas Eneroth told TT after meeting with representatives.
Many small business owners are also worried about having to lay off employees. As well as government aid outlined above, several private initiatives have been launched across Sweden to help small businesses. You can read more about them in this article.
Some banks, such as Nordea and Danske Bank, have promised their customers, businesses as well as individuals, deferments on mortgage and loan payments if they end up in financial difficulties due to the coronavirus crisis.