EMCC European Monitoring Centre on Change

Svevia

Company/Organisation:
Svevia

Geographic Location

Country: Sweden

Company

Sector: Construction
Construction
42.11 - Construction of roads and motorways
Number Employed: 2800

Employment Effects

Announcement Date: 15-03-2012
Planned Job Reductions min: 130
Planned Job Reductions max: 130
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-03-2012
Direct Dismissals: 130

Additional Information

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.