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Chairman Odd Nordli regrets that 30 employees lose their jobs in Terra Norway and Lithuania.
Terra Markets AS, Research Division is closing its activities in Norway and Lithuania reports www.dn.no and www.E24.no.
The firm’s department in Vilnius has been specializing in equity research. The Research Division was formerly known as Orion Securities ASA, Research Division and is based in Vilnius, Lithuania with an additional office in Norway. The firm is a division of Terra Markets AS.
Concurrent with the brokerage department closedown, both CEO Stein Ole Larsen and Deputy CEO Lise Vedde-Fjærestad notify their retirement.
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