Sweden -Serious job cuts at Vattenfall -April 30, 2015

Vattenfall announces 1000 layoffs despite first quarter 2015 profits of 515 million euros.

In a bid to curb costs state-owned energy company Vattenfall announced major staff cuts. The 1000 layoffs were revealed when the company presented its first quarter 2015 report, in which the firm announced profits of almost five billion kronor (515 million euro), compared to 8.2 billion in the same period last year. Vattenfall, which employs more than 30,000, and has operations in Sweden, Finland, Denmark, Germany, the Netherlands and Britain did not specify where the lay-offs would take place.

English: http://www.thelocal.se/20150428/1000-jobs-to-go-at-swedish-energy-giant  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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