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.
Administrative Services Security And Investigation Activities Security And Investigation Activities 80 - Security and investigation activities
200 jobs Number of planned job losses
Announcement Date
2 June 2004
Employment effect (start)
Foreseen end date
Description
Securitas Värde AB has cancelled the agreement according to which it was to take over assets and staff in the Riksbanks wholly-owned subsidiary Pengar i Sverige AB. The reason is the decision on 19 May 2004 of the Swedish Competition Authority to carry out a special investigation of the transaction between Pengar i Sverige AB and Securitas Värde AB, which could have delayed the deal a further three months. The winding up of the activities in Pengar i Sverige AB, which comprise cash-in-transit and counting services, will continue. All customer agreements have been cancelled and the companys assets will now be sold by tender. All the remaining staff of Pengar i Sverige AB, some 200 employees, have today been given notice of termination of contract.
Sources
2 June 2004: Press release by Sveriges Riksbank
2 June 2004: Svenska Dagbladet
2 June 2004: Dagens Nyheter
Citation
Eurofound (2004), Pengar, Closure in Sweden, factsheet number 60368, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60368.
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