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.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
70 jobs Number of planned job losses
Announcement Date
9 September 2011
Employment effect (start)
1 October 2010
Foreseen end date
Description
Carnegie Investment AB has since last year reduced its workforce by 70 employees and will, due to internal restructuring, reduce its workforce even further. Some of the notices are due to the company's plans to close its proprietary trading division and instead concentrate its efforts into investment banking, private banking and fonds.
Carnegie Investment AB is a subsidiary of the larger group Carnegie Holding AB. The Carnegie group is a independent investment bank with a Nordic focus and has approximately 900 employees in eight countries and roughly 500 in Sweden.
Sources
9 September 2011: Svenska Dagbladet
Citation
Eurofound (2011), Carnegie Investment Bank, Internal restructuring in Sweden, factsheet number 72364, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72364.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
