The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Transportation / Storage 49 - Land transport and transport via pipelines 49 - Land transport and transport via pipelines 49 - Land transport and transport via pipelines
150 jobs Number of planned job losses
Announcement Date
21 March 2005
Employment effect (start)
29 April 2005
Foreseen end date
29 April 2005
Description
Swedish train operator BK Tåg has gone bankrupt on 29 March 2005 and will not be re-entering the passenger rail business. The freight unit will continue as usual. BK Tåg started business in 1990 as the first private Swedish franchise operator. BK Tåg's passenger unit has 150 employees and franchises in many parts of southern Sweden, which will cease unless a new operator is found by the end of April 2005.
Sources
29 March 2005: Sveriges Radio
21 March 2005: Press release by BK Tåg
21 March 2005: Svenska Dagbladet
Citation
Eurofound (2005), BK Tåg, Bankruptcy in Sweden, factsheet number 61349, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61349.
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