42.11 - Construction of roads and motorways
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Swedish road construction and infrastructure company Svevia gives notices to 130 employees. The company attributed the restructuring to the need to prepare for the future and increase its profits after a seven percent decrease in net turnover for 2011. Most of the 130 notices will be given to white-collar workers.
The company will go through an internal restructuring in order to strengthen profitability and to specialize its business by dividing it into the divisions; construction, operation, coating and machine and real estate.
15-03-2012Svevia (press release)