Type
Internal restructuring
Country
Denmark
Region
Sønderjyllands amt;
Location of affected unit(s)
Åbenrå
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

100 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2009
Employment effect (start)
1 March 2009
Foreseen end date

Description

Danish bank, Sydbank which has headquarters in Åbenrå, announced 17 February that 100 jobs will be cut due to a bad economical result for 2008. One of the major reasons was the collapse of the EBH bank which cost Sydbank more than €2 million. Sydbank is nationwide and had 2,479 employees at the end of 2008. There is no precise information about the timeline of the lay-offs.


Sources

Citation

Eurofound (2009), Sydbank, Internal restructuring in Denmark, factsheet number 68645, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68645.