Skandia

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
250 jobs
Number of planned job losses
Job loss
Announcement Date
9 March 2011
Employment effect (start)
9 March 2011
Foreseen end date
9 November 2011

Description

The Swedish insurance company Skandia plans to cut 250 jobs in Sweden. The job losses are blamed on the need to reduce costs. Skandia, owned by Old Mutual, currently employs some 2,300 people in Sweden.

Sources

  • 9 March 2011: Di.se

Citation

Eurofound (2011), Skandia, Internal restructuring in Sweden, factsheet number 71737, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71737.