Swedbank

Type
Internal restructuring
Country
Latvia
Region
Latvija; Latvija;
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
489 jobs
Number of planned job losses
Job loss
Announcement Date
9 February 2010
Employment effect (start)
1 January 2009
Foreseen end date
1 January 2010

Description

The number of employees of Swedbank Latvia has decreased by 23% (489 employees) in 2009, according to the financial statement of the bank. Total number of employees in the bank by the end of the year 2009 was 1,684.

Sources

  • 9 February 2010: www.db.lv

Citation

Eurofound (2010), Swedbank, Internal restructuring in Latvia, factsheet number 71864, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71864.