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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
130 jobs Number of planned job losses
Announcement Date
18 August 2009
Employment effect (start)
Foreseen end date
Description
Citibank has given redundancy notices to all 130 employees at its consumer banking operations in Stockholm, Sweden. The company's total number of employees in Sweden is 170.
The redundancies are part of Citibank's strategy to change its focus from the private customer sector to corporate customers in Sweden. The bank has been negotiating with trade unions.
Sources
18 September 2009: Svenska Dagbladet
Citation
Eurofound (2009), Citibank, Closure in Sweden, factsheet number 69946, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69946.
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