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.
The Danish bank and mortgage credit association, Nykredit, has announced it will cut 240 jobs. Of the reductions, 190 will be in the form of direct dismissals while the rest are vacant positions that will not be filled. This was announced on 27 October 2016. The redundancies will be carried out this year and the affected employees will be informed on 15 November 2016. Through the dismissals and a similar decrease in the use of external consultants, Nykredit plans to save DKK 200 million (€27 million) per year. In 2014, Nykredit went through a similar round of redundancies - 300 jobs were shed - and the employee representative at Nykredit has expressed concern and surprise over the fact that another round of dismissals is necessary so shortly after the previous one.
Eurofound (2016), Nykredit, Internal restructuring in Denmark, factsheet number 89028, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89028.
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