IFK Norrköping Announces Layoffs Amid Financial Struggles

Top-tier football club IFK Norrköping went minus 43.8 million kronor last year. Now the club is issuing layoff notices. "The economic situation is extremely strained", the club writes in a press release.

» Published: May 12 2025

IFK Norrköping Announces Layoffs Amid Financial Struggles
Photo: Stefan Jerrevång/TT

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In March, "Peking" presented the large negative result for 2024.

This has consequences when the club now announces that it is giving notice to personnel.

"Negotiations have therefore been initiated with current trade unions to implement a larger reorganization in the association, writes the club.

The purpose of the reorganization is to "ensure long-term survival and a sustainable economy".

"To achieve this, our assessment is that we need to reduce personnel costs to the greatest possible extent and streamline the association's operations to sports and administration".

The reason for the large minus figures in the financial statement is attributed by the club to a large extent to missed player sales and "large one-off costs linked to the operating year".

"All personnel have been informed, some the hard way that their services will be terminated. We are setting significantly tougher requirements for the next budget", said club manager Michael Sturehed in March.

Since then, Sturehed has had to leave his position.

IFK Norrköping's men's team is sixth in the men's Allsvenskan and the women's team is eighth in the women's Allsvenskan.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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