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 Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other monetary intermediation
500 - 650 jobs Number of planned job losses
Announcement Date
29 August 2011
Employment effect (start)
1 November 2011
Foreseen end date
1 December 2012
Description
The large Nordic bank, Nordea, will cut 2,000 jobs in the Nordic countries in order to prepare the bank for the future. In Denmark the redundancies will be between 500 and 650 and they will take place from November 2011 when the negotiations with the unions in the different countries have ended. This was announced on 29 August 2011 by Nordea Danmark. Nordea has 34,000 employees in total.
Sources
29 August 2011: politiken.dk
Citation
Eurofound (2011), Nordea Denmark, Internal restructuring in Denmark, factsheet number 72389, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72389.
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