Internal restructuring
København og Frederiksberg kommuner;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

90 - 110 jobs
Number of planned job losses
Job loss
Announcement Date
8 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
31 July 2009


Copenhagen-based bank, FIH Erhvervsbank has announced at the beginning of January that between 90 and 110 employees will be made redundant. The bank has chosen to launch a significant savings scheme of which the redundancies are an important part. The job cuts will result in savings between DKK 180 million and 200 million (€ 24 - 27 million) in the long term. The stock department will be completely closed with a loss of 23 jobs. Since 2004 FIK Erhvervsbank has been owned by the Icelandic bank Kaupthing which collapsed on 8 October 2008. FIH will now enter into negotiations with the Financial Services Union concerning the conditions of the redundancies. The negotiations are supposed to end around 1 February.


  • 8 January 2009: Business.dk


Eurofound (2009), FIH Erhvervsbank, Internal restructuring in Denmark, factsheet number 67796, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67796.