SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Loss and more layoffs in construction companies

» Updated: 19 September 2024, 15:37

» Published: 22 August 2024

Loss and more layoffs in construction companies
Photo: Janerik Henriksson/TT

Another of the Swedish construction companies is releasing a loss report and announcing further layoffs.

Wästbygg Gruppen made an operating loss of 78 million kronor for the first half of the year. It was admittedly better than during the same period last year when the loss landed at 239 million kronor.

Revenues fell by half a billion to 2.2 billion kronor.

"The current situation means that we now need to make further staff reductions, which naturally feels sad, but unfortunately also necessary," says CEO Jonas Jönehall in a press release.

The company has approximately 550 employees.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Better than expected for Nvidia
1 MIN READ

Better than expected for Nvidia

Department store giant sinks on Wall Street
1 MIN READ

Department store giant sinks on Wall Street

The FI's Advice: Have Accounts in Multiple Banks
1 MIN READ

The FI's Advice: Have Accounts in Multiple Banks

Break in Trend - Household Costs No Longer Rising
2 MIN READ

Break in Trend - Household Costs No Longer Rising

4,000 to Leave the Car Giant
1 MIN READ

4,000 to Leave the Car Giant

The VW Union Takes a Stand Against Factory Closures
1 MIN READ

The VW Union Takes a Stand Against Factory Closures

Slovakian Nuclear Power Plant Plan Approved
1 MIN READ

Slovakian Nuclear Power Plant Plan Approved

Giant boost for Turkish minimum wages on the way
1 MIN READ

Giant boost for Turkish minimum wages on the way

6 MIN READ

Reduced risk of power crisis in winter
1 MIN READ

Reduced risk of power crisis in winter

Trump's Minister Paves the Way for Quick Tariff Decision
3 MIN READ

Trump's Minister Paves the Way for Quick Tariff Decision

Tough times for Chinese car giant
1 MIN READ

Tough times for Chinese car giant

Double rate cut of Icelandic interest rate
1 MIN READ

Double rate cut of Icelandic interest rate

Down on the stock exchange for the fourth day in a row
1 MIN READ

Down on the stock exchange for the fourth day in a row

The Gaming Company's Stock Soars - Confirms Purchase Inquiry
1 MIN READ

The Gaming Company's Stock Soars - Confirms Purchase Inquiry

Japan Sets Tourist Record - Attracts increasing number of tourists
1 MIN READ

Japan Sets Tourist Record - Attracts increasing number of tourists

Denmark's economy is picking up.
1 MIN READ

Denmark's economy is picking up.

Unexpectedly high inflation in the UK
1 MIN READ

Unexpectedly high inflation in the UK

FI wants to see strengthened protection of financial companies
1 MIN READ

FI wants to see strengthened protection of financial companies

It is clear that the company's stock price has been driven by the strong demand for its products, the global AI boom.
2 MIN READ

It is clear that the company's stock price has been driven by the strong demand for its products, the global AI boom.