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Many Swedish company managers feel bad in reducing workers as the economy tanks

Wednesday, 05 September 2012
More Swedish company managers are worried about having to reduce staff in the gloomy economic situation. Every fourth boss now believe that it is necessary, to cut their workforce, according to a survey from the leaders.

The workers union leaders have conducted a survey of 1,200 managers at different levels and sectors in the Sweden production arena. And the percentage of managers who believe in downsizing of their staff has grown from 16 percent last year to 26 percent in the new report.

"We see an increasing number of managers who expect that they will have to reduce staff, it is not enough that they will not be able to hire new employees. And it's a pretty significant increase over last year, says Annika Elias, President of the leaders.

Overall, four out of ten executives hope of a stable economy. But every three fears that the economy would get worse over the next twelve months. There are also fewer who believe in hiring.

"The managers responding to this survey are centrally located in the business. They look at the order books and make an external assessment depending on the industry they work in. We see that the concern is greatest in the manufacturing sector, the export-oriented sector of the economy. This is where most say they will need to reduce staff," says Elias.
By Scancomark.com Team

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