Coop to cut 500 jobs

Fresh cutbacks at supermarket giant Coop Sverige are set to lead to the losses of 500 jobs, the chain's owner, the Swedish Cooperative Union (Kooperativa Förbundet - KF), announced on Tuesday.

Far-reaching logistical restructuring plans are primarily set to affect workers in Malmö, Växjö, Umeå and Luleå, according to KF managing director Anders Idermark.

Some 500 of 1,600 staff member at Coop’s loading terminals are expected to be out of a job when the firm begins to make more widespread use of trains for its deliveries.

“It’s maybe a change we should have introduced earlier,” said Idermak,

KF said Coop had plans to open some new loading terminals, although it could not yet specify the locations. A number of at-risk workers are will be offered jobs at the new terminals if they are prepared to move, KF said.

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Major Swedish supermarket chain hit by cyberattack

One of Sweden's biggest supermarket chains said Saturday it had to temporarily close around 800 stores nationwide after a cyberattack blocked access to its checkouts.

Major Swedish supermarket chain hit by cyberattack
A Coop store in Stockholm. credit: Ali Lorestani/TT

“One of our subcontractors was hit by a digital attack, and that’s why our checkouts aren’t working any more,” Coop Sweden, which accounts for around 20 percent of the sector, said in a statement.

“We regret the situation and will do all we can to reopen swiftly,” the cooperative added.

Coop Sweden did not name the subcontractor or reveal the hacking method used against it beginning on Friday evening.

But the Swedish subsidiary of the Visma software group said the problem was linked to a mayor cyber attack on US IT company Kaseya on Friday.

Kaseya has urged customers to shut down servers running its VSA platform after dozens were hit with ransomware attacks.

A wave of ransomware attacks has struck worldwide recently, especially in the United States.

Ransomware attacks typically involve locking away data in systems using encryption, making companies pay to regain access.

Last year, hackers extorted at least $18 billion using such software, according to security firm Emsisoft.

In recent weeks, such attacks have hit oil pipelines, health services and major firms, and made it onto the agenda of US President Joe Biden’s June meeting with Russian counterpart Vladimir Putin.