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.
DNB, a Norwegian banking group, announced approximately 400 full-time equivalent job reductions in its Technology & Services division across Norway and Latvia, including around 350 in Norway: DNB 2026 - NO. The reductions are due by the end of 2026.
DNB attributes the restructuring to simpler processes and AI-related efficiency gains in customer checks, technology development and coding. The bank will consult employee representatives and offer severance packages. The trade union, finansforbundet, opposes the reductions and seeks voluntary solutions, including redeployment and severance agreements.
The trade union Finansforbundet DNB and its Technology & Services employee representatives have been involved in the process and oppose the scale of the reductions. Finansforbundet has stated that it will not accept dismissals and expects the reductions to be achieved voluntarily. DNB has stated that the restructuring will be conducted in close dialogue with employee representatives.
Eurofound (2026), DNB, Internal restructuring in World, factsheet number 301377, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301377.
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