Type
Merger/Acquisition
Country
Denmark
Region
KĂžbenhavns amt;
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.12 - Non-Life Insurance

120 jobs
Number of planned job losses
Job loss
Announcement Date
27 September 2023
Employment effect (start)
1 October 2023
Foreseen end date

Description

Tryg is a large insurance company active in the Scandinavian countries. The company has decided to merge its Danish and Norwegian departments for corporate costumers, which will entail the dismissal of approximately 250-270 employees in Denmark and Norway. It is expected that there will be around 120 dismissals in Denmark according to the Danish trade union Forsikringsforbundet.

It has not been declared when the dismissals will take effect or when the restructuring will be finished. It has not been made public precisely how many employees will be dismissed either.


Sources

Citation

Eurofound (2023), Tryg, Merger/Acquisition in Denmark, factsheet number 200461, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200461.