High record bankruptcies impact employees Sweden
(MENAFN) June marked a significant uptick in the number of employees affected by corporate bankruptcies in Sweden, reaching the highest level recorded in the past five years. Approximately 1,400 employees were impacted by the bankruptcy of automotive components firm IAC Group Sweden alone, according to data, citing insights from Credit Safe, a leading credit information provider.
Overall, the total number of employees affected by company bankruptcies across Sweden in the past month surged to 3,500. This figure reflects a notable increase, with the total number of companies declaring bankruptcy during June rising by 3% compared to the same period last year. The data underscores the economic challenges faced by various sectors in Sweden, highlighting the human impact of corporate insolvency amid broader economic uncertainties.
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