Swedish construction union Byggnads has filed a lawsuit against Lithuanian scaffolding company Global Scaffolders UAB seeking 107.8 million kronor in compensation. The legal action follows an extensive investigation by the union that revealed systematic labor violations spanning several years. Global Scaffolders has been one of the largest companies in Sweden's scaffolding industry, working on major construction projects across the country.

According to Byggnads' findings, workers at the company were paid for 40-hour work weeks but actually worked ten hours per day from Monday through Saturday. This practice resulted in employees working over 50 hours weekly without proper compensation for overtime, weekend pay, and other entitlements outlined in collective bargaining agreements. The union alleges the company profited millions from unpaid wages and benefits that rightfully belonged to workers.

The Lithuanian firm has been involved in some of Sweden's largest infrastructure projects, including the Västlänken railway, Stockholm Bypass, and the Oskarshamn nuclear power plant. Many of these projects were funded with taxpayer money, raising concerns about proper oversight of subcontractors. Byggnads officials emphasize that the case highlights broader issues within the construction industry regarding compliance with labor standards.

Union representatives are calling for increased responsibility from main contractors and project owners to monitor companies operating on their sites. The lawsuit also addresses unpaid taxes and social security contributions that resulted from the alleged labor violations. Byggnads has submitted all relevant documentation to authorities as part of their effort to address what they describe as widespread problems in the industry.

Swedish digital asset manager Virtune has launched what it claims is Europe's most cost-efficient Sui exchange-traded product (ETP) on Euronext Paris, marking another step in the company's expansion across European markets. The Virtune Sui ETP, with the ticker VRTU, provides investors with exposure to the Sui cryptocurrency through a regulated, physically backed investment vehicle. This launch comes as Virtune continues to build its position as one of the leading issuers of regulated crypto ETPs in Europe.

The new ETP features an industry-leading 0.95% annual management fee, making it the most cost-efficient Sui ETP available to European investors. Virtune plans to further expand the product's distribution by listing it on local German exchanges, including gettex and Tradegate, to improve accessibility for German investors. The company has established itself as a trusted provider in the digital asset space, serving over 150,000 investors since its launch just over two years ago.

Security and regulatory compliance remain central to Virtune's approach, with Coinbase serving as the crypto custodian for all of the company's ETPs. The underlying crypto assets are held in cold storage, providing institutional-grade security for investors. This infrastructure supports Virtune's commitment to offering European investors secure, transparent, and regulated access to digital asset markets through traditional investment channels.

Christopher Kock, CEO of Virtune, emphasized the company's mission to make innovative digital assets more accessible to investors. "We are excited to launch the most cost-efficient Sui ETP in Europe, reinforcing our mission to make innovative digital assets more accessible to investors," Kock stated. The launch strengthens Virtune's position as it manages more than $475 million in assets across its product offerings, continuing its growth trajectory in the European digital asset management landscape.