Type
Internal restructuring
Country
Denmark
Region
KĂžbenhavn og Frederiksberg kommuner;
Location of affected unit(s)
Copenhagen
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

350 jobs
Number of planned job losses
Job loss
Announcement Date
5 February 2009
Employment effect (start)
1 April 2009
Foreseen end date
30 June 2009

Description

The largest bank in Denmark, Den Danske Bank, announced 5 February 2009 that 250 employees, mainly in the IT-department in Copenhagen, will be made redundant. Danske Bank had a deficit of DKK 12 billion in 2008, which is the direct reason for the redundancies. Danske Bank has 23,600 employees.


Sources

Citation

Eurofound (2009), Danske Bank, Internal restructuring in Denmark, factsheet number 68627, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68627.