Type
Internal restructuring
Country
Latvia
Region
Latvija; Riga;
Location of affected unit(s)
Latvia
Sector
Financial Services
Financial And Insurance Activities
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71864.