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
64.19 - Other monetary intermediation

250 jobs
Number of planned job losses
Job loss
Announcement Date
19 November 2013
Employment effect (start)
19 November 2013
Foreseen end date

Description

The largest bank in Denmark, Danske Bank, announced to make 250 employees redundant. The larger part of dismissed workers were given notice on 19 November.

The restructuring is part of a larger costs-saving initiative. 94,000 customers have left the bank during 2013 mainly because of dissatisfaction with the bank. Dismissals thus are to affect mostly units not related to customer services. Furthermore, the bank aims to streamline staff functions and focus more on better customer care.

Workers affected by the layoffs are being assisted in their job search.

In 2012, Danske Bank announced plans to offshore 600 positions in Denmark. The total number of Danish staff was estimated to amount to about 5,300 thereafter.


Sources

  • 19 November 2013: politiken.dk

Citation

Eurofound (2013), Danske Bank, Internal restructuring in Denmark, factsheet number 76209, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76209.