European Union
Location of affected unit(s)
Denmark, Norway
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.12 - Non-Life Insurance

250 - 270 jobs
Number of planned job losses
Job loss
Announcement Date
27 September 2023
Employment effect (start)
1 October 2023
Foreseen end date


Tryg, a large insurance company active in the Scandinavian countries, has decided to merge its commercial and industrial divisions in Denmark and Norway, which will entail the dismissal of approximately 250-270 employees in the two countries. The restructuring is part of a number of strategic and structural changes the company is implementing in order to increase its competitiveness and reach the goals set for 2024.

It is expected that there will be around 120 dismissals in Denmark according to the Danish trade union Forsikringsforbundet. However, it has not been declared when the dismissals will take effect or when the restructuring will be finished.

The related restructuring event affecting Denmark Tryg 2023 - Denmark has also been recorded in the ERM database.



Eurofound (2023), Tryg, Merger/Acquisition in European Union, factsheet number 200530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200530.