EFN Undergoes Major Reorganization Impacting Dozens of Positions

EFN, a media company owned by Handelsbanken, has announced a significant organizational restructuring that is expected to affect approximately twenty employees. Staff members were informed during a company meeting about upcoming changes aimed at realigning the organization's focus and operational structure.

The reorganization process will involve formal negotiations with the relevant trade unions, as EFN currently does not have a local journalists' association. The restructuring is being managed by LW Production, the production company responsible for EFN's output, which has determined that changes in workforce requirements have created a situation of redundancy for several employees.

The company intends to enhance its emphasis on financial news and stock market coverage as part of its strategic direction. Another key objective is to strengthen local reporting by increasing the presence of correspondents across different regions of the country. This move is designed to ensure broader and more comprehensive coverage of economic and financial developments at both national and local levels.

EFN also plans to expand its offering of written articles and make its content production processes for video and podcasts more efficient. Despite the organizational changes, television and podcast platforms will remain important distribution channels for the company. Streamlining the management structure and reducing the number of managerial roles are among the additional steps being taken to improve operational efficiency.

The production company LW Production, which is jointly owned by Jakob Wästberg and former editor-in-chief Leo Lagercrantz, is responsible for the practical implementation of these changes. The company's leadership has stated that the reorganization will be conducted in accordance with labor regulations, including mandatory consultations with employee representatives.

EFN's reorganization reflects broader trends in the media industry, where companies are increasingly prioritizing digital content, optimizing resource allocation, and adapting to shifts in audience consumption patterns. The company's renewed focus on economic reporting and regional journalism is aimed at maintaining its relevance and competitiveness in a rapidly evolving media landscape.

Further details regarding the reorganization and its impact on the workforce are expected to be communicated after the completion of negotiations with trade unions. EFN's management has emphasized its commitment to supporting employees throughout the transition process and ensuring that the company is well-positioned to achieve its long-term objectives.