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Mikael Åslund

JM lays off over a hundred

The sluggish construction market is causing housing builder JM to lay off 145 employees in Sweden. "JM has increased the number of production-started homes during the first half of the year thanks to greater interest from customers, but not to the extent that it matches the volumes being continuously completed," writes CEO Mikael Åslund in a press release.

JM lays off over a hundred

JM's CEO: Cautious and tough market

The housing developer JM had unexpectedly strong headwinds in the second quarter. And it looks like it will take time before the market turns, according to CEO Mikael Åslund.

JM's CEO: Cautious and tough market