Swedish insurance services company Skandia is closing its services center in Vilnius and is moving jobs back to Sweden, the Verslo Zinios business daily writes.
Vilnius
© Shutterstock

The main reason is the company's failure to achieve the planned scope of activity, and the group is not satisfied with the cost-benefit rates. Th decision was partly affected by faster than expected introduction of robotic solutions in the service center sector.

The transfer of jobs back to Sweden is scheduled to be finished by December.

Opened in 2015, the Lithuanian center provides insurance administration, bookkeeping, IT and human resources services for foreign markets.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Cabinet approves new car pollution tax

The Lithuanian Cabinet approved on Wednesday a new tax aimed at encouraging people to buy less...

Alcohol, tobacco and diesel fuel excise tax hikes approved

The Lithuanian Cabinet decided on Wednesday to raise the excise duties on strong alcohol , diesel...

President proposes new measures to block Astravyets electricity

Lithuanian President Gitanas Nauseda on Wednesday proposed new measures to block imports of...

Government considers 2020 budget with revenue and expenditure going up

The revenue and expenditure of Lithuania's 2020 state budget , including EU and other international...

Vasiliauskas: country needs immigrants with higher qualifications

With more and more immigrants from third countries arriving in Lithuania, the country's central...