Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
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

70 jobs
Number of planned job losses
Job loss
Announcement Date
9 September 2011
Employment effect (start)
1 October 2010
Foreseen end date

Description

Carnegie Investment AB has since last year reduced its workforce by 70 employees and will, due to internal restructuring, reduce its workforce even further. Some of the notices are due to the company's plans to close its proprietary trading division and instead concentrate its efforts into investment banking, private banking and fonds.

Carnegie Investment AB is a subsidiary of the larger group Carnegie Holding AB. The Carnegie group is a independent investment bank with a Nordic focus and has approximately 900 employees in eight countries and roughly 500 in Sweden.


Sources

  • 9 September 2011: Svenska Dagbladet

Citation

Eurofound (2011), Carnegie Investment Bank, Internal restructuring in Sweden, factsheet number 72364, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72364.