Spar Nord

Type
Internal restructuring
Country
Denmark
Region
Danmark;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation
100 jobs
Number of planned job losses
Job loss
Announcement Date
10 February 2010
Employment effect (start)
1 March 2010
Foreseen end date

Description

The Danish bank, Spar Nord, is entering a consilidation phase after a deficit in the second half of 2009. Hereby a total of 100 employees working in the different local banks, business support and administration departments will be made redundant. Spar Nord is headquartered in Aalborg and has 1,650 employees divided over the country.

Sources

  • 11 February 2010: Jyllands-Posten

Citation

Eurofound (2010), Spar Nord, Internal restructuring in Denmark, factsheet number 70274, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70274.