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
400 jobs Number of planned job creations
Announcement Date
1 March 2016
Employment effect (start)
1 March 2016
Foreseen end date
1 January 2018
Description
Swedbank, one of the major Swedish bank, has announced its intention to create 400 jobs at a newly established non-financial services centre in Vilnius by the beginning of 2018. The centre started its activities on 1 March 2016 and currently employs 140 employees. The newly opened centre will provide services to the entire Swedbank group which owns more than 500 branches with around 14,000 employees in Sweden and the Baltic states.
According to the management, Swedbank is planning to create around 700 new jobs in the Baltic states by 2018. Currently Swedbank employs 1,279 employees in Lithuania.
Sources
1 March 2016: Verslo zinios
1 March 2016: Delfi Verslas
1 March 2016: Lietuvos Rytas
Citation
Eurofound (2016), Swedbank, Business expansion in Lithuania, factsheet number 86662, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86662.
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