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
300 jobs Number of planned job losses
Announcement Date
19 June 2014
Employment effect (start)
19 June 2014
Foreseen end date
Description
Nordic bank Nordea has announced that it will cut 300 jobs in Sweden.
According to the source, Nordea has announced the job reductions as part of a cost savings program which was introduced in January 2013. The source notes that Nordea will also close bank offices as part of the plan to save SEK 8 billion (€0.9 billion) over the next three years.
The ERM has reported on previous restructuring events at Nordea Sweden in 2005, 2007and 2011.
Sources
19 June 2014: SvD
Citation
Eurofound (2014), Nordea, Internal restructuring in Sweden, factsheet number 77203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77203.
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