Gothenburg losing out

Container volumes at the Port of Gothenburg collapsed by 22% during the first half of the year and in June fell by 60%. The catastrophic figures are due to the conflict between the union and APM Terminals. Magnus Kårestedt, the CEO of the Port of Gothenburg, is warning that the conflict will affect Swedish business and jobs.

“This is a tragedy. Volumes which gradually and arduously have been built up over more than a decade and a half have disappeared in a very short space of time,” says Kårestedt. He adds that the conflict is affecting business throughout Sweden since the Port of Gothenburg is Sweden’s largest port and is linked to vital markets.

The Port of Gothenburg considers the Swedish Dockworkers’ Union to bear the brunt of the blame for the damaging conflict as the union will not accept members’ proposals for a solution.

Haldex conflict escalates

On Thursday an extraordinary meeting of Haldex’s shareholders ordered the board to fully comply with the bidder, German Knorr-Bremse. The board withdrew its support for the bid in June as it believed the European Commission would likely turn down the deal. Since then Haldex has chosen to break off all collaboration with Knorr-Bremse over the bid.

After the meeting CEO Jörgen Durban kept his stance to ignore the board’s order. “We cannot implement the decision as it would benefit one owner, but damage Haldex.”