Business
Latest news and need-to-know information on business, businesses, investment, mergers & acquisitions, stock market and more in Sweden.
Swedish campaign to boycott US goods sees rapid growth
A Facebook group calling on Swedes to boycott goods from the US has gained nearly 40,000 members in a matter of days, with members sharing tips on alternatives to US consumer products and to tech giants such as Google, Amazon, Apple, and, yes, Facebook.
Which companies do Swedes trust the most?
More Swedes trust the state-run alcohol monopoly Systembolaget more than the Church of Sweden, new figures reveal. But which companies do they trust the most, and who were the worst of the bunch?
Seven surprising things about Sweden’s secret startup hub
There’s no denying the importance of history to Örebro. After all, there’s a vast 13th century castle, surrounded by a moat dotted with water lilies, right in the middle of this self-confident, culturally fertile Swedish city.
Sweden's Northvolt asks for extension of bankruptcy protection process
Sweden's troubled battery maker Northvolt has asked for an extension in its Chapter 11 process in the United States.
Northvolt launches new bonus scheme for 1,800 workers
Northvolt's controversial bonus scheme for key staff is set to be expanded to workers on the floor in spring.
Swedish Ericsson returns to profit after 'strong end to 2024'
Swedish telecoms giant Ericsson returned to profit in 2024 and sales inched up in the final quarter of the year, it said Friday, as the sector struggles with slowing demand for 5G network equipment.
Northvolt shareholders give company green light to continue operations
Northvolt could breathe a sigh of relief after shareholders at an extraordinary general meeting allowed the crisis-hit battery maker to avoid liquidation.
EXPLAINED: how business mentality and psychology differs between countries
If you want to pursue a business career today, you're certain to have contact with people from many cultures and countries. While globalisation is a powerful force, it has not swept away all the cultural differences that shape how people work.
What’s open and closed in Sweden on January 6th?
Monday, January 6th, is trettondedagen or the thirteenth day of Christmas, a public holiday and a day off for most workers in Sweden. It’s also known as Epiphany in English. But how are shops, Systembolaget and public transport affected?
What's open and what closes in Sweden during the Christmas holidays?
Christmas is a holiday and a time for family get-togethers in Sweden, but not everything shuts down over the festive period.
Sweden fines Klarna 500 million kronor for breaching money laundering rules
Sweden's financial watchdog slapped a 500 million kronor ($45 million) fine on fintech company Klarna for not doing enough to prevent money laundering.
Northvolt CEO Peter Carlsson resigns as battery maker fights for survival
Peter Carlsson, the CEO of troubled Swedish electric vehicle battery producer Northvolt, is stepping down, two months after the company announced mass layoffs.
Northvolt files for bankruptcy protection in the US
Sweden's troubled battery maker Northvolt has applied for bankruptcy protection in the United States to enable it to restructure its debt and reorganise its business.
Volvo buys Northvolt's share in battery joint venture
Swedish carmaker Volvo Cars, owned by China's Geely, said on Wednesday it was taking full ownership of NOVO Energy – its joint venture with ailing battery maker Northvolt.
'More than a hundred years' until Sweden has gender-equal senior management teams
If gender equality in company leadership progresses at the current rate, it will take until 2135 for men and women to be equally represented on top-level management teams, new figures reveal.
Northvolt confirms layoffs of more than 400 white-collar workers
More than 400 white-collar workers will be laid off from Northvolt, split across the battery manufacturer's sites in Skellefteå, Stockholm and Västerås.
Ericsson returns to profit just months after mass layoffs in Sweden
Swedish telecommunications giant Ericsson made a profit in the third quarter thanks to striking a big deal with US carrier AT&T.
Northvolt pays Swedish tax bill by deadline on 'day of destiny'
Crisis-hit battery makers Northvolt has paid its tax bill of 287 million kronor on deadline – narrowly avoiding bankruptcy or board members becoming personally liable.
Chief executive of Northvolt's struggling flagship factory leaves company
The chief executive of Northvolt Ett, the crisis-hit battery maker's main factory in Skellefteå, is leaving his position with immediate effect, the company has confirmed.
Northvolt applies for bankruptcy for subsidiary company following financial struggles
One of Northvolt's subsidiary companies responsible for the battery factory’s expansion in Skellefteå has applied for bankruptcy due to Northvolt’s struggling finances.
Spotify to 'move tasks abroad' for 250 workers after court rejects night shift bid
A Swedish appeals court has rejected streaming giant Spotify's request to let staff work night shifts, upholding a decision by the administrative court.
'It was terribly mismanaged': Former Northvolt workers call for accountability
Two former Northvolt employees have told The Local that they believe the top management should be held accountable for the crisis and layoffs at the company, putting the blame squarely on their heads.
Employment minister warns Sweden risks losing high-skilled Northvolt workers
Sweden's government plans to work hard with the local authorities to keep the foreign high-skilled workers laid off at Northvolt from leaving Sweden, the country's employment minister has said.