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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: MarketLine (a Datamonitor Company)

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Bank of Aland Plc Announces End of Cooperation Negotiations at Crosskey Banking Solutions Ab Ltd and at Company's Swedish Branch; to Cut Jobs

Monday, 29 Oct 2012 08:30am EDT 

Bank of Aland Plc announced that its wholly owned subsidiary Crosskey Banking Solutions Ab Ltd announced on September 6, 2012 labor negotiations and possible cutting of approximately 20 jobs. The negotiations have been completed. In addition, labor negotiations have been conducted and completed within the Company's Swedish branch. In total, the Group's staff will be reduced by approximately 30 full-time employees, of which approximately 20 is at Crosskey. Restructuring costs of approximately EUR 1 million will be charged to the Group's results for the fourth quarter of 2012. 

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31 Jul 2014