The world is facing unprecedented health, social and economic shocks from COVID-19. The ongoing virus outbreak is having a major impact on the Swedish economy and many people have become, or risk becoming, unemployed. The Swedish Government has presented a range of different measures to limit the spread of the COVID-19 virus and to mitigate the economic impact of it.
The Governments policy and decisions aim to:
- Limit the spread of infection in the country
- Ensure health care resources are available
- Limit the impact on critical services
- Alleviate the impact on people and companies
- Ease concern, for example by providing information
- Ensure that the right measures are taken at the right time
The Government, the Centre Party and the Liberal Party are now presenting further measures to alleviate the impact of the virus outbreak on jobs and the economy in Sweden.
- To alleviate the impact on the labour market, a crisis package for jobs and transition is now being presented.
- The Government will shortly present the proposals to the Riksdag in an additional amending budget and in the coming spring amending budget.
- The proposals are based on an agreement between the Swedish Social Democratic Party, the Centre Party, the Liberal Party and the Green Party.
Temporary reinforcement of unemployment insurance
The Volvo Group and Daimler Truck forming joint venture for large-scale production of fuel cells
- Sharing the Green Deal vision of sustainable transport and a carbon neutral Europe by 2050, two leading companies in the commercial vehicle industry, Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture.
- The intention is to develop, produce and commercialize fuel cell systems for heavy-duty vehicle applications and other use cases.
- Daimler will consolidate all its current fuel cell activities in the joint venture. The Volvo Group will acquire 50% in the joint venture.
Brose invests in further growth in India
- Automotive supplier Brose officially opened its new campus in Hinjewadi, Pune in February 2020.
- The location, which has a footprint of around 175,000 square feet, is home to 430 employees.
- Brose invests more than $25 million in India in the coming years.