TietoEnator Financial Services

Type
Business expansion
Country
Latvia
Region
Latvija; Latvija;
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
100 jobs
Number of planned job creations
Job creation
Announcement Date
2 August 2005
Employment effect (start)
Foreseen end date

Description

Finnish/Swedish IT company TietoEnator after a successful pilot project is planning to transfer significant part of its accounting functions to Latvia, hence saving approximately €10 million a year. After a full implementation of the project TietoEnator Latvian subsidary will create up to 100 new jobs.

Sources

  • 2 August 2005: Dienas Bizness

Citation

Eurofound (2005), TietoEnator Financial Services, Business expansion in Latvia, factsheet number 62038, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62038.