Ecster

Type
Closure
Country
Sweden
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
169 jobs
Number of planned job losses
Job loss
Announcement Date
8 February 2023
Employment effect (start)
8 November 2023
Foreseen end date

Description

A Swedish payment solutions company, Ecster, will close and 169 workers in Sweden will be made redundant. The company has been for sale since 2020 but now the parent company has decided to close Ecster completely.

The closure of the company is because of the current macroeconomic situation, which has made it difficult to sell the company. 

Ecster is a payment solutions company and a subsidiary of Handelsbanken, a larger internationally active Swedish banking group. The company has more than 200 employees in Sweden and Finland, 169 of them in Sweden.

Sources

  • 8 February 2023: Dagens Industri (www.di.se)

Citation

Eurofound (2023), Ecster, Closure in Sweden, factsheet number 108396, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108396.