Carnegie Investment Bank AB

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Stockholm; Stockholms län
Location of affected unit(s)
Stockholm
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
40 jobs
Number of planned job losses
Job loss
Announcement Date
30 September 2008
Employment effect (start)
31 July 2008
Foreseen end date
31 December 2008

Description

According to a press release from Carnegie, the 40 announced job losses are due to an action plan presented at the end of September 2008. The goal of the plan is to reduce the expenses to the same level as they were at the end of 2006, equivalent to a cost reduction by 10%. The 40 employees who are given notice work at Carnegie's headquarter in Stockholm. Carnegie is an investment banking advisor that operates mainly in the Nordic region. Carnegie has operations in securities broking, investment banking, asset management, and private banking, as well as in pension advice.

Sources

  • 1 October 2008: Dagens Industri

Citation

Eurofound (2008), Carnegie Investment Bank AB, Internal restructuring in Sweden, factsheet number 67205, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67205.