Restructuring events
European Restructuring Monitor (ERM)
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.
Swedish state owned railway freight company Green Cargo is to reduce its workforce by 600 employees until 2016.
This is part of a cost-savings plan that was drafted after the company had made a net loss of EUR 15 million in 2013. Reasons for the bad result include increased competition from foreign truck drivers that have taken a big market share in domestic transport in Sweden.
In 2011, the ERM reported on a planned job creation at Green Cargo Logistics in Sweden.
UPDATE, 06-03-2014:
According to new sources, the company is to cut 500 jobs instead of the 600 reported in January.
Eurofound (2014), Green Cargo, Internal restructuring in Sweden, factsheet number 76502, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76502.
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