Business Round-Up: Weekend work on the rise – especially among the self-employed and young people

The self-employed work more on the weekends, according to figures from the Labor Force Survey, the labor force survey.

They reveal that 41 percent worked regularly Saturday and Sunday in the first quarter of 2022 compared to 30 percent in the same period last year. In 2019 and 2020, the figure was 35 percent.

Difference between age groups
In contrast, only 17 percent of employees worked regularly over the weekend in the 1st quarter of 2022, compared to 15 percent a year earlier. A further 31 and 21 per cent of the self-employed and employed worked occasionally over the weekend.

About 53 percent of employees aged 15-24 work over the weekend, either regularly or occasionally, compared with 37 percent of those aged 55 to 64, the age group with the lowest proportion.


Israeli cow-free milk producer eyes huge plant in northwestern Zealand
The Israeli startup Remilk has raised 120 million US dollars to build a production center in Denmark, which it describes as “the world’s largest plant for cow’s milk”. About 69,677 sqm large, it will be based in an eco-industrial park in the northwestern Zealand town of Kalundborg. Remilk uses a yeast-based fermentation process to produce proteins that can be used to make products, which it claims are identical to co-produced in taste, but free of lactose, cholesterol and growth hormones. Remilk’s method has enormous potential environmental consequences. Compared to milk production, it claims to be 100 times more soil efficient, 25 times more raw material efficient, 20 times more time efficient and 10 times more water efficient.

Arla is investing heavily in a German milk powder factory
Arla has confirmed an investment of 190 million euros in its Pronsfeld dairy in in an attempt to significantly increase its production of nutritious milk powder. The investment, which is historically the company’s largest of its kind, was to enable the dairy to convert 685 million kilos of milk into 90,000 tonnes of high-quality milk powder each year using a new 51-meter drying tower. This is in line with a growing international demand for sustainable, cheap and nutritious dairy products.

Echo’s blisters in 2021 are expected to be far worse in 2022
Ecco, the footwear company that has been heavily criticized since the end of February for continuing its activities in Russia, has warned of a likely drop in profits in 2022, but it has not given an estimate. The impact of the war in will be felt hard by a company that saw profits slip in 2021 due to the pandemic: from 23.1 to 13.5 million euros. This compared poorly with profits in 2018 and 2019 of 148 and 147 million euros. Ecco claims that a withdrawal from Russia would make 10,000 people homeless worldwide. Its 1,840 Russian workforce and their families account for half the number.

Progress in revenue growth among Danish scale-up companies
The criteria for being recognized as an upscaling company are quite complicated: boiled down is the next step in a company’s development after its start-up phase. And it is clear that Denmark is a regional leader, as their scale-up companies had a revenue growth of 258 billion kroner between 2017 and 2020 – an increase of 136 percent compared to ’s 123. However, employment growth did not follow suit and increased only 64 percent, lags behind regional leader Sweden at 81. The figures, which also revealed that Norwegian scale-up companies had a revenue growth of 123 percent, were published in ‘Upscaling in the Nordic countries 2020’, a report for Nordic Innovation, which is available in English. From 2020, there were 1,232 scale-up companies in Denmark.

Police are arresting a man who may be ‘Mr Big’ in money laundering fraud
During a money laundering investigation that resulted in four men being sentenced to two and a half to six years in prison in 2020, a ‘Mr Big’ lurked in the background – a bit like Blofeld in ‘From Russia with Love’ – which police could not identify . But a spin-off investigation has resulted in a 33-year-old man being arrested and charged with money laundering of 353 million kroner, informs NSK’s special criminal unit, which has worked closely with the Police and the Tax Agency. The five men are believed to be members of a money laundering network that used encrypted communications via EncroChat. Their network has helped to avoid paying a triple-digit million amount to the Danish treasury in tax.

Namely.com sentenced to pay close to 5 million kroner in fines
The door grocery delivery company Nemlig.com has been ordered to pay a fine of DKK 4.7 million in connection with a dispute with the City of over its underpayment of employees. After an encouraging performance during the pandemic – especially in 2020, when the company announced its first ever profit – Nemlig.com has lost contracts with municipalities all over Denmark. In April and June last year, the municipalities of and Gentofte terminated their contracts with reference to the network supermarket’s lack of information about the working conditions of the subcontractors’ employees. Namely ,.com has always maintained that it can not provide information about drivers because they are employed by subcontractors. Namely.com, which is owned by the courier company Intervare, at one time had contracts with 40 municipalities – primarily to service the elderly.

Nike opens megastore on pedestrian street close to Round Tower
Nike will open a mega store in Copenhagen this autumn – the first of its kind in the Danish capital. The 725 sqm plot is located near the famous Round Tower on Købmagergade – a pedestrian street that runs from Nørreport to – and is part of Trinity Quarter, a newly renovated shopping center consisting of historic buildings. Leased through the global real estate company Hines, the quarter also includes a 25hours Hotels outlet with 243 rooms.

Star year for gourmet licorice producer
Last year was a good one for licorice sales if the country’s best gourmet producer is something to go for. Sales at Lakrids By Bülow shot up 14 percent to a record 293 million kroner. accounted for 36 percent of revenue, and sales increased abroad: most noticeably by 33 percent in Germany and by 25 percent in the UK. Lakrids By Bülow was founded by Johan Bülow in 2007 in Svaneke on Bornholm.

Monkey pox fears: Bavarian Nordic confirms smallpox vaccine order from unnamed European country
While Denmark still has only two registered cases of smallpox, the Danish company Bavarian Nordic has confirmed that it has signed a contract with an undisclosed European country to supply their IMVANEX smallpox vaccine.

Source: The Nordic Page

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