Swedish industrial production increased as heavy industries have seen increased interest to expand employment
Wednesday, 14 August 2013
Swedish industrial production increased by 3.0 percent in June compared to May in seasonally adjusted figures. Compared with June 2012, industrial production decreased by 4.0 percent in calendar adjusted figures, new data show.
This comes as news also out today suggests that Swedish industrial giants are seeing their production capacity increasing in the fall and this is pushing them to start planning increased recruitment.
According to analysts, survey it was expected that production would have risen 1.6 percent in June from a month earlier and fell 6.1 percent compared with the same month of 2012.
Swedish statistic organisation, Statistic Sweden point that the decrease in production in May was followed by a positive development in June. The development remained mixed within the industry sub-sectors but positive developments slightly outnumbered negative ones.
The strongest development was seen in the aggregate for the chemical and pharmaceutical industries which also was the sub-sector where the largest decrease was seen in the previous month. The electronics industry also showed strong development in June while the electrical equipment industry and the pulp and paper industry developed the weakest.
This could be on driver why the Swedish heavy manufactures such as Scania are preparing increased employment uptake. Increased sales and orders means that production plans have been upgraded. Overall, the number of employees in Europe will grow with 900 people, including 450 in the facilities in Södertälje, Oskarshamn and Luleå, writes Swedish business daily Dagens Industri.
Also Volvo truck sales are on the rise after launching several new models and expanded market. Production at the cab factory in Umeå is to be enhanced with 250 people. Most are already in place - but still has 80 places to fill, writes Swedish business daily Dagens Industri.
The train manufacturer, Bombardier in Västerås is also on the way out of the slump after several large orders. 100 people are to be employed in the autumn in the development, design and production sectors.
Volvo Cars is also feeling the pressure of increased sales during the summer and is increasing the demand for labour to meet up expected increase in production in Torslanda in which car production is expected to rise from 45 to 51 cars per hour. This means an increase in the number of employees with a couple hundred people.
The downturn had also stopped many other industries including the likes of Astra Zeneca, whose factory in Södertälje plans for higher volumes and possibly increased hiring, writes Dagens Industri.
As the giants are waking up in the hiring department so also is the hard -pressed subcontractors, Car Safety Company Autoliv plans to take in 20 new workers to its factory in Vårgårda.
Plastal, which produces products such as car bumpers, is also hiring more in its factory in Simrishamn and foundry business in Ljunghäll plans to takes in 35 new workers driven by increased orders from Volvo and Scania for more engine components.
By Scancomark.com Team