Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
One of the biggest banks in Denmark, Jyske Bank, announced plans to cut 177 jobs. According to the sources 92 employees will be dismissed directly while the remaining 85 job reductions will take place through natural attrition and internal transfers during this year. According to the bank, the reason for the restructuring is the lower financial activity in the recent years and the merger with the mortgage association BRFkredit.
The announced job cuts are part of a larger job reduction plan aiming to reduce the group's total workforce to around 4,000 people in the next years.
Eurofound (2014), Jyske Bank, Merger/Acquisition in Denmark, factsheet number 77184, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77184.
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