Why Swedish Shipbuilding Is Sinking

Why Swedish Shipbuilding Is Sinking

Throughout 2019 there have been worrisome news and rumors regarding Swedish shipbuilding and its undesirable state.

Since mid-2019, rumors have been circulating that the leadership of the Swedish company Saab has shown considerable concern about the lack of foreign orders for the construction and modernization of surface ships and submarines at the Kockums shipyard in Karlskrona.

The Kockums shipyard remains the most problematic of all six production units of the Saab concern, as it is the only one that shows a negative result during the three quarters of the end of 2018 – mid-2019.

So, in the second quarter of 2019, the company brought 0.4%, operating losses, having received a loss of 3.0 million krones ($312 thousand), and the total turnover decreased to 703 million krones ($73 million).

In the last quarter of 2019, the total turnover was even less, only 690 million krones ($ 70 million), but at the same time, apparently, in the previous, third, quarter it was so bad that operating profit stood at 3%, which amounted to 21 million crowns ($2.2 million).

As it became known, recently the Minister of Defense of Sweden Peter Peter Hultqvist informed the Riksdag [Swedish Parliament] that by the end of last 2019 at Saab Kockums the situation was almost critical.

The meeting was held behind closed doors, but some information leaked out. It turns out that over the past couple of years, Saab Kockums have been actively updating its leadership, replacing a large share of older, experienced technicians with ‘young promising managers’, most of whom are women. The purpose was to increase diversity and avoid any sort of discrimination lawsuits, which are currently quite popular, and as a result, and due to a lack of necessary skills, the shipyard appears to be dying, rapidly.

Read more here: Why Swedish Shipbuilding Is Sinking (southfront.org) and Why Swedish Shipbuilding Is Sinking. Today24.pro — News Every Day

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One comment

  1. IT IS O.K., SISTER SWEDEN; WE ALL HAVE ROUGH TIMES…SO, JUST ROLL AND GO WITH THE CHANGES-AND THINGS WILL GET BETTER…WITH A BRAVO ZULU and THREE CHEERS and a TIGER!!!

    Yours Aye: Killick Vison-LINKEDIN…Brian CANUCK Murza, W.W.II Naval Researcher-Published Author, Niagara Falls, Ontario, Canada.

    Liked by 1 person

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