Published 20 hours ago • loading... • Updated 19 hours ago

Swedish authorities inspect worksite conditions at steel startup Stegra

Wednesday, officials conducted a surprise inspection at Stegra's Boden construction site in a joint workplace check by police, the Swedish Work Environment Authority and the Swedish Tax Agency amid financial questions.
Mounting financial questions and delayed targets prompted scrutiny after Stegra lowered production goals, sought 10 billion kronor in October, and faced reports of 40 unpaid subcontracted workers.
Aftonbladet reported that roughly 60 police officers inspected documents among the 3,000-strong workforce while Stegra's planned plant aims for five million tonnes annually by 2030 with 95 percent less CO2.
Karin Hallstan, head of communications at Stegra, confirmed the inspection and said authorities would report their findings in the coming days, while Maria Fredriksson warned `We know that this presents both opportunities and risks of criminals exploiting the situation for their own gain`.
Vargas Holding's involvement draws attention because it co-founded Northvolt, which later declared bankruptcy after delays and debt, prompting observers comparing green industrial projects to note risks.

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Swedish police lead surprise worksite check at steel startup Stegra

Officials from several government agencies conducted a surprise inspection of steelmaker Stegra's construction site in northern Sweden Wednesday, following questions about the finances of the low-carbon start-up, police told AFP.

20 hours ago·Sweden

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