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 bank Ikano Bank announced in March of 2025 that it will reduce its workforce across its entire operations by about 200 people, with 120 of the departing workers being in Sweden. This measure represents a cut of roughly 20% of Ikano Bank's Swedish workforce. The other 80 affected jobs will be cut across their operations in the other Nordic countries, Austria, Poland, the UK, and Germany.
The reason for the cuts is the need for the bank to improve its efficiency. The bank aims to have completed the cuts by the turn of the mid-year of 2025.
Eurofound (2025), Ikano Bank, Internal restructuring in Sweden, factsheet number 202511, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202511.