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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
100 jobs Number of planned job losses
Announcement Date
17 July 2014
Employment effect (start)
1 September 2014
Foreseen end date
Description
Nordic Bank Nordea announced plans to cut 100 jobs in Denmark in the framework of its ongoing cost saving restructuring plan. As reported, the direct job cuts will be on top of other job reduction measures such as voluntary redundancies and natural attrition. For a previous restructuring event see here.
Nordea has announced in the beginning of 2014 a €900 million cost saving plan for the next 2 years. Nordic Financial Unions (NFU) deplored the plan. Recently similar job reduction measures were announced in Finland and Sweden.
Eurofound (2014), Nordea, Internal restructuring in Denmark, factsheet number 77395, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77395.
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