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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
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
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