The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
1,000 - 1,400 jobs Number of planned job losses
Announcement Date
16 March 2007
Employment effect (start)
1 June 2008
Foreseen end date
31 December 2008
Description
The Swedish government has decided that Svensk kassaservice (Swedish Cashier Service), a subsidiary of Posten AB specialised in financial transactions such as deposits, withdrawals, and payments, will close in 2008. Approximately 1,400 employees, most of them women, will lose their jobs.
Transactions have decreased substantially in the last five years and only 1-2% of the Swedish population are using their services. The liquidation will start in the middle of 2008 and is expected to be finished by 31 December 2008. Posten AB will try to offer redeployment opportunities to affected employees in the framework of their programme 'Futurum'. Those employees aged over 58 will be offered retirement.
Sources
17 March 2007: Dagens Nyheter
17 March 2007: Svenska Dagbladet
Citation
Eurofound (2007), Svensk kassaservice, Closure in Sweden, factsheet number 65129, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65129.
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