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.
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.
Sources
17 July 2014: Børsen
Citation
Eurofound (2014), Nordea, Internal restructuring in Denmark, factsheet number 77395, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77395.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
