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Iceland: Banking staff face health problems after crash

The health of banking staff has deteriorated since the 2008 Icelandic banking crash. Those who lost their jobs and found new ones are doing better than those who stayed in their original jobs. The number of bank workers visiting health clinics doubled between 2008 and 2012.
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FACTS
  • 75 percent of banking staff in Iceland were women in 2009. 34 percent of the women had a university education while 22 percent had elementary school training. 75 percent of the men had a university education and three percent no more than elementary school training.
  • On average women had more years of active duty than men. 
  • The women’s average age was 44, the men’s average age was 39. 
  • The number of banking staff fell by 30 percent in one and a half years at the beginning of the crisis.
  • Just under half of all bank branches closed across the country. Several branches remain closed. There has been a considerable increase in the workload. Personnel feel under pressure.
Medical cost

Psychiatric treatment

2008 922 hours

2009 1,248 hours

2010 1,269 hours

2011 1,352 hours

2012 1,432 hours

The number of hours paid for by SSF for their members. 

Health clinic visits

2008 510 days

2009 855 days

2010 765 days

2011 778 days

2012 1,000 days

The number of days paid for by SSF for their members.  

Physiotherapy 

2008 10,050 times

2009 12,382 times

2010 13,438 times

2011 15,283 times

2012 14,702 times

SSF has paid for members to have physiotherapy. 

Data from The Confederation of Icelandic Bank and Finance Employees (SSF).

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