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 around 350 full-time equivalent job reductions in Norway within a wider 400-FTE restructuring of its Technology & Services division, including Riga. The cuts are due by the end of 2026.
DNB attributes the restructuring to simpler processes and AI-driven efficiency gains in customer checks, technology development and coding. Severance packages will be offered. Finansforbundet criticised the timetable and warned that AI gains need not mean job losses; Econa called for close dialogue with employee representatives.
An earlier internal restructuring involved around 100 job reductions in the same division in 2025 DNB 2025 - NO.
Eurofound (2026), DNB, Internal restructuring in Norway, factsheet number 301295, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301295.
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Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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