Nordea takes over Svensk Kassaservice offices

Nordic banking giant Nordea is to take over the running of around 70 Svensk Kassaservice offices in Sweden.

The deal with Posten, which owns the high street cashier service company due to be wound up at the end of this year, will affect approximately 350 employees. They will be offered employment and training at Nordea.

“The agreement means that almost half of Svensk Kassaservice’s customers can continue to carry out their banking at the same office as today,” wrote Posten in a press statement.

Nordea is to pay 100 million kronor for the operation and will take control of the outlets on 1st July 2008. Most of the offices affected are in Sweden’s big cities, the Mälar region and on the Norrland coast.

Union organisation Seko welcomed the agreement. Kerstin Ståhl at Seko’s Posten chapter said she believes the move will be positive for the staff.

“It’s very pleasing that this group, which in recent years has been hit hard by constant rationalisation, has found a good solution,” she commented.