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Friday, 11 January 2013
The heat and
political in - fighting within the top management region of Volvocars
Corporation was exhibited recently when the former CEO, Stefan Jacoby
was fired while lying sick in the hospital.
Tuesday, 08 January 2013
With the aim of
strengthening the Group´s competitiveness, the steel service company BE
Group will initiate negotiations on personnel reductions within the
Group's operations in Sweden and Finland.
Wednesday, 12 December 2012
of TeliaSonera have been suspended from their position suspected
of crimes related to the investigation into bribery and corruption in
Friday, 07 December 2012
To drive more business between Sweden and China, the Port of Gothenburg is launching a website in Chinese.
Wednesday, 28 November 2012
companies dealing with international business are loosing businesses
because they lack knowledge and strategy to get payments from those
countries. This is because due to poor exposure, they tend to
exaggerate risks associated with companies operating in certain
countries such as China and Nigeria.
Thursday, 22 November 2012
is considered an old tiring power with persistent impossibility for the
unanimous member of the EU to agree on how to fix the Euro-wide
economy, some leaders on the individual countries have stood out as top
class economic technocrats. German and Swedish are classed as top.
Monday, 12 November 2012
The numbers of
Swedish bank offices or bank branches have declined steadily over the
past four years. The greatest reductions in such offices spaces or
branches have been led by Swedbank, which has again closed every four
of its offices.
Tuesday, 06 November 2012
Volvo Trucks is cutting down its agency workers with 260 in its Tuve plant in Gothenburg and 90 at the cab factory in Umeå.
Monday, 05 November 2012
Stefan Jacoby, the former CEO of Volvocars who has left his post due to illness in reported to be compensated big.
Friday, 02 November 2012
corporate scene continues to be tough as new figures from organisation,
Creditsafe, for October show that the number of corporate bankruptcies
here continues to increase. However, the increase is not as dramatic as
Friday, 26 October 2012
allegations of corruption carried out by the Swedish / Finnish state
owned telecom giant, TeliaSonera, the company is not blacklisted
by either banks or mutual fund companies.
A conflict at
the top level of Volvo Cars corporation is reported to be raging and it
may infects the business and threatens to damage the company's
business, according to sources close to Volvo car corporation, report
various Swedish media sources quoting Reuters news agency.
There is a
looming conflict at the Swedish ports following disagreement between
the employers and the ports worker's union, Transport, they failed to
agree on a contract. The consequences may eventually become serious.
Logica is reported to be laying off between 350 and 400 people in
Sweden according to media reports.
Volvo Cars CEO,
Stefan Jacoby has suffered a stroke. Now, car manufacturers have to do
without its CEO for a longer period
internet explorer, IE has been found to possess vulnerabilities in its
operating system that is welcoming to hackers, the Swedish authorities
warned. This comes after Microsoft admits bug that leaves 'hundreds of
millions' of Internet Explorer browser users vulnerable to hackers
was appointed Deputy CEO of the IKEA Group and is expected that within
a year, he will become CEO, announces Ikea.
the founder of Ikea has finally reached the end of the road of his role
in the company and has now passed the baton to his sons. Therefore,
according to Swedish media reports, generational change has finally
happened in Ikea.
More than one
in four Danes work from home at least once a month. This is the highest
level in five years, according to Statistics Authority, Statistics
As the Swedish
unemployment continues to rise and the government, lacking how to deal
with it has started encouraging unemployed to start their own
businesses irrespective of if they have the skills or if the
environment is right.
One of the
greatest successes of Swedish competitiveness is its ability to
organise some of the best childcare systems, to be seen anywhere in the
world. The Swedish model seems attractive across the ocean, on the
technology, which means that, more Swedish companies are moving their
customer service and call centres to countries considered to have
favourable regulations and taxes has made more Swedes working abroad
for Swedish companies serving Swedish clients.
Non Swedish -
looking people in Sweden really have a hard time getting a career and
even a jobs from a typical Swedish company. Could the Swedish companies
discriminating on the foreign born loosing something?
Thursday, 26 July 2012
Swedes, formerly employed by the Royal bank of Scotland was terminated
from his duties in Stockholm, Sweden but he felt that it was a wrongful
termination. Therefore, he sued the bank for wrongful termination.
However, it looks like things are not as clear as they seem to be.
hit by internet virus as persistent attacks on Swedish company sites
Football Federation announced on Wednesday that a player is arrested
and being investigated for suspicion of involvement in gambling scandal
banks, SEB and Swedbank are facing trouble with the authorities as they
are being investigated for competition issues.
internet surfing during working hours or what is referred here as
private browsing is discouraged. But that looks like it might soon
change if the finding result from a recent study is considered credible.
have heard often - those of us who attended business school that good
customer service is the key to growing and improving business and its
brand. Some small businesses try to give in all they have along this
lines but once they have grown big, arrogance comes in. But the case of
Telenor is not that it grew from a small business to a big one seen
Monday, 09 July
founder of Ikea Ingvar Kamprad has donated Skr75 million to a
retirement home in Swiss Epalinges, where he has resided since 1976
Monday, 02 July
Big and leading
Norwegian companies such as the Oslo Stock Exchange, Schibsted, DNB,
PST, and the Norwegian Bettingas as well as and online newspapers have
been attacked by hackers.
Friday, 29 June
very ‘untouchable’ Swedish business man, Percy Barnevik, is reported to
have been arrested in London, on Thursday on suspicion of sexual
offenses. He said that it is a "crazy woman" who pursues him. "You
should know that there is no basis what so ever. It's just fake, "he
told the Swedish tabloid news paper, Expressen.
officials of the Swedish Economic Crimes Authority went on a field trip
to Miami Beach in the USA with a price tag of about Skr50,000 per
person. They who are supposed to be holding others accountable got away
with squandering state funds.
cry that most of their jobs have been outsources to China and China on
the other side boast that it is recording 8 to 10 percent economic
growth, and also Western firms report huge corporate profits, all that
comes down to the slavish ways the Chinese workers are put through.
companies are reported to have taken advantage of the vulnerability in
the African country, Democratic Republic of Congo (DRC) and to exploit
the vulnerable people there including children.
companies have been associated with a critical report in which workers'
rights and working conditions in low wage countries have been
Monday, 18 June
For long now,
Norway had been the real egalitarian society where more women have been
organically climbing the management ladder than anywhere else in the
companies continue to roll out bonus program which on the first look at
things it is great for it would spur economic vitality and
productivity. But there is a problem the bonus programs are
increasingly aimed only at managers and top executives.
Monday, 11 June
After 15 years,
global sales manager Stefan Larsson leaves H & M. and goes to
competitor Gap brand Old Navy.
star, Caroline Wozniacki has signed a sponsorship agreement with the
Danish underwear brand JBS, which among others during the fall 2012
will launch her own underwear collection.
Friday, 01 June
in Sweden expanded by 42 percent, described as having by far the
biggest increase is in Stockholm.
Tuesday, 29 May
Maybe they have
had it much better today than their greying seniors, which is why
Sweden has not done to assist the Swedish youth into proper carrier
path as could have been expected according to rhetoric.
observation which is likely not new but growing is that which companies
are buying the “like” on facebook. Is this a sustainable approach to
build audience and promote a business?
Spotify founder wealth growth in the
UK show how starting a business in Sweden is hard
founder is among the UK's richest, does it mean that starting a
business is hard? Well,
Daniel Ek, founder of the music streaming service Spotify, made it onto
the Sunday Times' annual list of the UK's richest people.
state development agency, Swedfund has invested tens of millions in a
company that will produce ethanol in Sierra Leone, but the local people
are reported to have been affected by water shortages and hunger when
the company took over their land. Now the poor inhabitants are seeking
help from Sweden.
Oil fund manager, also know as Norwegian wealth fund manager, Yngve
Slyngstad has seen his salary increased by over 65 percent in two
years. Neither Norges Bank nor those in the central bank and the Fund
resources management will explain why such an astronomical rise has
companies are increasingly turning to the bond market for financing as
access to bank credit has tightened since the autumn in the wake of the
euro-zone debt crisis and tough new financial regulation, Danish bank
Danske Bank A/S (DANSKE.KO) said Friday.
ABB appoints Prith Banerjee to
Executive Committee as Chief Technology Officer
(ABBN.VX) Thursday said it appointed Prith Banerjee as Chief Technology
How they are all in it together -
Sandvik President and Chairman pay themselves huge salaries
The CEO of
Swedish engineering group Sandvik, Olof Faxander as well as his
board chairman, who approve salaries have received huge pay.
Sweden, who are not born in Sweden, described here in Sweden as women
born abroad are very tough. More of them have chosen to become
entrepreneurs in an environment where they have limited opportunities.
stance taken by the Swedish government and the its opposition relating
to laws governing Sweden's smaller business, curious Swedish
snoopers decided to look at what similar business life was like in
other countries. Conclusively without doubt it turns out that when
compared to the rest of the world, Sweden is not very good for business.
Has SEB lost
the plot by coming the smallest of the Swedish top banks in terms of
market capitalisation? Is it down to strategy missed of just bad luck
even though their CEO, Annika Falkengren is one of the best paid in the
industry in the region?
Wallström is reported to succeed Allan Larsson as Chairman of the Board
of Lund University in a new high profile job for the Swedish
believes that a Saab sale can still be realized. He is also open for a
job in his old company according to an interview with Swedish newspaper
outgoing CEO Kenneth Bengtsson, who is also chairman of the
Confederation of Swedish Enterprise, was last year paid total
compensation of Skr30 million, compared with Skr14 million the year
manager in Sweden earn Skr38 000 a month and most will earned that in
the financial industry in Stockholm, while the lowest wages paid
managers are in the public sector and on the island of Gotland, recent
data from statistics from Ledarna, a Swedish Organization for Managers
head of Swedish Giant Corporation exposed in a different way by Swedish
daily, Dagens Nyheter as questions about corporation tax payments in
Sweden rage on.
It was the
dream for many so called education entrepreneurs to start their own
school and cash easily from the government based on the amount of
students they have.
national air carrier Finnair announced Monday that it plans to sell its
catering operations to in-flight services provider LSG Sky Chef, a
subsidiary of the German airline company Lufthansa.
It has become
more common in Sweden that company’s top management have become
intrusive into the personal lives of those they want to employ. This is
something illegal but with the job market here almost collapsing,
employers can break the law and still sue the employee on top of it.
The CEO of SCA,
Jan Johansson had a good return on his bonus even last year. The
variable payment landed at about Skr 5.4 million and together with his
salary, he gets Skr14.4 million, according to the company's annual
Wednesday, 07 March 2012
The airline Finnair paid almost € 2.8 million (nearly Skr25 million) in
extra bonuses to its executives that they would remain in the company's
service for the period 2009 and 2011.
of the Ikea chain of furniture shops, Ingvar Kamprad is the richest man
in Europe, and the fourth richest in the world, according to a new