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

168 jobs
Number of planned job losses
Job loss
Announcement Date
27 November 2012
Employment effect (start)
30 November 2012
Foreseen end date

Description

Danish Saxo Bank announced the dismissal of 168 employees at the bank's Danish headquarters in Hellerup outside Copenhagen. According to a press release the cuts are due to a slowdown of trading in the financial markets.

As part of a global restructuring programme, Saxo Bank will dismiss 266 of its 1,517 employees worldwide. 


Sources

  • 17 November 2012: politiken.dk

Citation

Eurofound (2012), Saxo Bank, Internal restructuring in Denmark, factsheet number 74579, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74579.