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Sweden Today

Swedish news in English

Sunday, December 29, 2024

Wallenberg Criticizes Shorter Working Hours Proposal

Published: 2024-05-24

Jacob Wallenberg, Chairman of the Confederation of Swedish Enterprise and Investor, has expressed strong criticism against the proposal for shorter working hours, which was discussed at the LO Congress.

Wallenberg argues that reducing working hours could harm Sweden's economy and welfare.

Meanwhile, the new LO Chairman, Johan Lindholm, is determined to push the issue forward, advocating for a reduction through collective agreements.

Political support for the proposal is growing, with the Social Democrats and Left Party indicating interest.

The debate continues as stakeholders weigh the potential economic impacts against the perceived benefits of shorter working hours.