Ericsson plans to cut 1,600 jobs in Sweden due to a stagnant mobile network market and inflation pressures, with union and government responses highlighting concerns and support measures.
Ericsson will cut 1,600 jobs across all Swedish sites in 2026 amid global restructuring, sparking criticism from labor unions over timing and planning.
Malmö FF appoints Daniel Andersson as football chief and reshuffles key leadership roles to improve competitiveness following a sixth-place Allsvenskan finish.
The bankruptcy of Petroswede, owned by Mohammed Al-Amoudi, leads to losses of up to 3 billion kronor and significant financial consequences for Deutsche Bank.
Stegra confronts financial distress with insolvency fears while seeking nearly 2 billion SEK in additional state funding for its groundbreaking steel plant project in northern Sweden.
ABB has sold its Robotics division to SoftBank for $5.4 billion, opting out of a public listing despite promising future prospects, stirring mixed reactions among investors.
ABB divests its Robotics division to Softbank for $5.4 billion, signaling a strategic pivot to focus on core areas and reflecting investor confidence in robotics.