Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Danske Andelskassers Bank, a Danish financial institution, is relocating its headquarters from Hammershøj near Viborg to Aarhus, affecting approximately 100 jobs. While employees were given the option to move, an unspecified number declined, citing personal reasons such as commuting distance. As a result, the bank is hiring 30-40 new employees, both to replace those not relocating and as part of an expansion strategy. The relocation decision, announced in November 2024, surprised local communities in Viborg and Hammershøj, where the bank played a significant role in the job market. The restructuring aligns with the bank’s broader growth plan, which includes strengthening its presence in Aarhus and Copenhagen.
Eurofound (2025), Danske Andelskassers Bank, Relocation in Denmark, factsheet number 202392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202392.