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 64.1 - Monetary intermediation
200 jobs Number of planned job losses
Announcement Date
14 February 2014
Employment effect (start)
14 February 2015
Foreseen end date
14 February 2016
Description
Swedish banks Swedbank and Sparbanken Öresund merge parts of their businesses, causing a loss of 200 jobs.
Swedbank acquires the local Scanian bank Sparbanken Öresund, creating the new bank Sparbanken Skåne, covering the Southern parts of Sweden. The job cuts will be implemented in previous sections of both banks – a gradual procedure to last 12 to 24 months.
For previous restructurings at Swedbank see ERM reports in 2012 and 2011 (2011a, 2011b).
Sources
14 February 2014: Dagens Industri
14 February 2014: Svenska Dagbladet
Citation
Eurofound (2014), Sparbanken Skane, Merger/Acquisition in Sweden, factsheet number 76616, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76616.
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