Swedish Collective bargaining organisations and Unions lose billions on the stock exchange
Monday, 03 October 2011
The heavy fall of the stock market in the past months is hitting Swedish collective bargaining organisations and Unions as they see their investments melt down gradually.
The three largest unions in Sweden , Unionen, Kommunal and IF Metall have this year together lost more than Skr2.7 billion on its Swedish shareholdings, reports Swedish business daily Dagens Industri.
AdvertisementThe worst his is Unionen, which opted for a risk-willing strategy. Of the Skr9.8 billion that the Unionen had by the end placed on the Stockholm Stock Exchange Skr2.2 billion has gone up in smoke, according to shareholder statistics from Sis ─garservice.
By Scancomark.se Team
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