About: http://data.cimple.eu/news-article/35767048d746c1a6145a924dc87e0ad64f7e95cbb3e6483ab079bde2

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About: http://data.cimple.eu/news-article/35767048d746c1a6145a924dc87e0ad64f7e95cbb3e6483ab079bde2 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Swedish bank Handelsbanken said Wednesday it plans to close nearly half of its domestic branches as it joins the ranks of lenders downscaling their physical presence in face of growing digitalisation in the sector. Handelsbanken said in a statement that it plans to reduce the number of branches in Sweden to 200 from around 380 at present in a bid to cut costs to 20 billion Swedish kronor (1.9 billion euros, $2.3 billion) by the end of 2022. The closures will affect some 1,000 employees -- or one in seven of its domestic workforce -- over the next two years, the statement said. Negotiations were currently underway with trade unions, but Handelsbanken said it would set aside 1.5 billion kronor in its fourth-quarter accounts "to facilitate these adjustments". At the same time, the group said it would invest 1.0 billion kronor over the next two years "in order to take its digital customer offering to an entirely new level". "We're currently observing that customers are using digital channels and other means to meet up, rather than in our branches," chief executive Carina Akerstrom told SVT public television. Unlike its Nordic competitors, Handelsbanken has until now set great store by its bricks-and-mortar presence on the high street. Rival Swedbank, for example, currently has only 160 branches in Sweden. In addition to its domestic workforce of 7,000, Handelsbanken also employs 5,000 staff outside Sweden, notably in Britain, Denmark and Finland. hdy/spm/wdb
schema:headline	Handelsbanken to close nearly half of Swedish branches
schema:mentions	Digital data Finland Denmark Sweden Handelsbanken Toyota Carina Swedbank Sveriges Television Swedish krona Public broadcasting
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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