https://feeds.thelocal.com/ Read the latest news and views from Sweden in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed The struggling low-cost airline Norwegian has reported its staffing subsidiaries in Denmark and Sweden have filed for bankruptcy, meaning roughly three quarters of its pilots and crew will lose their jobs. https://www.thelocal.se/20200420/norwegian-air-declares-banktuptcy Mon, 20 Apr 2020 15:12:01 +0200 norwegian-air-declares-banktuptcy The Malmö company behind the premium smartwatch brand Kronaby has filed for bankruptcy after an abrupt shift in strategy at its Chinese backers. https://www.thelocal.se/20190208/malm-company-behind-kronaby-watches-files-for-bankruptcy Fri, 08 Feb 2019 11:08:38 +0100 malm-company-behind-kronaby-watches-files-for-bankruptcy The American who founded Sweden's globally successful Museum of Failure has been declared personally bankrupt, which he has conceded would be "quite an irony if I wasn't in this mess". https://www.thelocal.se/20190130/man-behind-swedish-hit-museum-of-failure-declared-bankrupt Wed, 30 Jan 2019 17:01:06 +0100 man-behind-swedish-hit-museum-of-failure-declared-bankrupt Northland Resources, which employs over 800 people at its Swedish mine, have said that it will file for bankrupty citing a "dramatic fall" in iron ore prices. https://www.thelocal.se/20141208/mining-firm-files-for-bankruptcy Mon, 08 Dec 2014 14:51:00 +0100 mining-firm-files-for-bankruptcy Scandinavian airline SAS said on Wednesday it will be profitable next year, thanks to an aggressive cost-cutting drive which prompted objections that it had strong-armed unions in the Scandinavian countries. https://www.thelocal.se/20121212/45028 Wed, 12 Dec 2012 18:18:00 +0100 45028 SAS's last-minute push to cut costs without first consulting its employees flies in the face of the Swedish model, say union representatives who liken it to "an ultimatum". The final deal represents the first time since the 1930s that employees' wages have decreased. https://www.thelocal.se/20121120/44546 Tue, 20 Nov 2012 18:23:00 +0100 44546 Despite Scandinavian airline SAS announcing on Monday that all eight unions had signed deals to save the company from bankruptcy, one analyst has predicted that the company needs to change tack if it wants to stay airborne. https://www.thelocal.se/20121119/44520 Mon, 19 Nov 2012 18:13:00 +0100 44520 With Scandinavian airlines SAS and unions working furiously to avoid potential bankruptcy, The Local brings you the latest news, reactions, and details surrounding the troubled airline. https://www.thelocal.se/20121119/44506 Mon, 19 Nov 2012 16:02:00 +0100 44506 Scandinavian Airlines representatives met with union officials throughout Sunday night, with all but one of the trade unions signing new collective agreements in an effort to stave off the company's bankruptcy. https://www.thelocal.se/20121119/44498 Mon, 19 Nov 2012 09:04:00 +0100 44498 A last ditch savings plan to save SAS would make cabin personnel among the lowest paid in the Swedish job market, it emerged on Thursday, amid reports that the airline is closer to bankruptcy than previously thought. https://www.thelocal.se/20121115/44444 Thu, 15 Nov 2012 14:35:00 +0100 44444 Scandinavian airline SAS has moved to quash rumours that it is facing bankruptcy and that banks are considering not extending loans to the troubled carrier. https://www.thelocal.se/20121028/44094 Sun, 28 Oct 2012 10:07:00 +0100 44094 News that bankrupt cash transport firm Panaxia will face immediate liquidation has sent shock waves through the Swedish retailing industry, sparking fears about the negative impact the company's demise will have on Sweden's cash handling industry. https://www.thelocal.se/20120925/43444 Tue, 25 Sep 2012 18:22:00 +0200 43444 Bargain hunters who queued outside stores of the recently bankrupted Swedish home electronics chain Expert were left disappointed as the shelves were found to be empty long before any of the customers entered. https://www.thelocal.se/20120921/43372 Fri, 21 Sep 2012 16:03:00 +0200 43372 Swedish home electronics chain Expert filed for bankruptcy on Wednesday after cash injections by the owners and strict austerity measures failed to save the company’s finances following several years of losses. https://www.thelocal.se/20120919/43322 Wed, 19 Sep 2012 12:20:00 +0200 43322 Pirate Bay financier and Swedish crispbread heir Carl Lundström, one of four men convicted of facilitating copyright violations for their role in operating the popular filesharing site, has filed for personal bankruptcy. https://www.thelocal.se/20120919/43320 Wed, 19 Sep 2012 12:17:00 +0200 43320 Saab's bankruptcy administrator said at a press conference on Saturday that the company is dead but continues to bleed, while retaining hope that a buyer can be found. https://www.thelocal.se/20120122/38644 Sun, 22 Jan 2012 10:04:00 +0100 38644 Although 2011 may have ended on a sour note for Saab employees, as the year draws to a close, the cars themselves have suddenly become hot property again. https://www.thelocal.se/20111225/38144 Sun, 25 Dec 2011 10:24:00 +0100 38144 The North American unit of bankrupt Swedish automaker Saab will try to avoid going into bankruptcy itself to keep up warranties for recent car buyers and support dealers left with inventory, a company official said Wednesday. https://www.thelocal.se/20111222/38090 Thu, 22 Dec 2011 09:47:00 +0100 38090 The Swedish government has described as unfortunate a statement by General Motors (GM) this week threatening to block the transfer of technology licences if two Chinese companies buy Saab. https://www.thelocal.se/20111108/37238 Tue, 08 Nov 2011 15:27:00 +0100 37238 Chinese firm Pang Da and Sweden's Saab have issued a joint statement to clarify that the contract between the firms is valid, stating that prior comments to the contrary were due to a "misunderstanding". https://www.thelocal.se/20111012/36692 Wed, 12 Oct 2011 10:45:00 +0200 36692