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.
DNB, Norway’s largest bank, announced a planned reduction of around 100 positions in its Technology & Services division, affecting operational teams in customer identification, anti-money-laundering and operational security. The bank describes the move as a necessary restructuring driven by technological developments and efficiency needs.
The restructuring follows a prior downsizing less than a year earlier that removed 500 FTEs, with roles concerned in operations, compliance and security functions (DNB 2024-NO).
DNB intends to achieve the reductions primarily through voluntary arrangements, offering severance (“virkemiddelpakke”) of three months’ salary for up to four years’ tenure, four months for up to nine years, and six months for ten years or more, plus a wage-guarantee top-up for those not being able to find new jobs in this severance period.
Trade union Finansforbundet warns that it will not accept compulsory redundancies and will contest any direct dismissals legally, noting significant funds have been set aside for voluntary solutions and that members will receive individual legal assistance.
Eurofound (2025), DNB, Internal restructuring in Norway, factsheet number 203293, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203293.
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