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 / Insurance/ Estate Financial service activities, except insurance and pension funding Monetary intermediation 64.19 - Other monetary intermediation
100 jobs Number of planned job losses
35 jobs Number of planned job creations
Announcement Date
20 February 2025
Employment effect (start)
20 February 2025
Foreseen end date
Description
Danske Andelskassers Bank, a Danish financial institution, is relocating its headquarters from Hammershøj near Viborg to Aarhus, affecting approximately 100 jobs. While employees were given the option to move, an unspecified number declined, citing personal reasons such as commuting distance. As a result, the bank is hiring 30-40 new employees, both to replace those not relocating and as part of an expansion strategy. The relocation decision, announced in November 2024, surprised local communities in Viborg and Hammershøj, where the bank played a significant role in the job market. The restructuring aligns with the bank’s broader growth plan, which includes strengthening its presence in Aarhus and Copenhagen.
Eurofound (2025), Danske Andelskassers Bank, Relocation in Denmark, factsheet number 202392, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202392.
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.
