Privatization efforts in Sweden hit snags

Article Abstract:

A $31 bil privatization initiative launched by Sweden in 2006 has encountered some difficulties, including a ruling by the nation's Financial Supervisory Authority requiring board and executive resignations and the payment of a fine by investment bank D. Carnegie and Co. The bank was slated to advise the Swedish government in the privatization process; the resignations and fine stemmed from Carnegie's overstatement of earnings since 2005.

Strategy & planning, Planning, Discipline, Privatization, Privatization (Business), Company business planning, Government selling, D. Carnegie and Co.

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Ericsson cuts staff swiftly despite limits

Article Abstract:

Telefon AB L.M. Ericsson is laying off employees as a result of declining sales. However, issues have arisen about how quickly European firms, such as Ericsson, can lay off workers in the context of tough labor regulations.

Human resource management, Telecommunications equipment industry, Telefonaktiebolaget LM Ericsson, Company personnel management, Layoffs, Layoff

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Board of AMR meets, hoping to compromise

Article Abstract:

AMR Corp.'s board of directors held meeting to discuss a compromise on how to avoid declaring bankruptcy. The company is hoping to keep key contract concessions with its labor unions.

United States, Financial management, TRANSPORTATION BY AIR, Air Transportation, Finance, Airlines, Labor relations, Air transportation industry, Civil aviation, AMR Corp., AMR, Company financing

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