STOCKHOLM, Sweden, Nov. 15, 2004 (PRIMEZONE) -- Carnegie has decided on staff reductions of 20 employees in Sweden, following a number of cost-efficiency projects and streamlining of the organisation as well as the development of business area Asset Management & Private Banking into two separate units. The staff reduction primarily affects business support and to a certain extent front-office employees. Redundancy expenses are estimated to be below SEK 20 million and will be included in the result for the last quarter of 2004. The estimated cost range for 2004 remains unchanged.
Carnegie is an independent Nordic investment bank operating in Securities, Investment Banking and Asset Management & Private Banking. Carnegie provides a wide array of financial products and services to Nordic and international clients from offices in eight countries: Sweden, Denmark, Norway, Finland, Luxembourg, Switzerland, the UK and the US.
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-0- For further information, please contact: Mats-Olof Ljungkvist (CFO) +46 8 5886 90 13 Birgitta Henriksson (IR) +46 8 5886 86 39