Type
Internal restructuring
Country
Denmark
Region
København og Frederiksberg kommuner;
Location of affected unit(s)
Copenhagen
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

125 jobs
Number of planned job losses
Job loss
Announcement Date
18 January 2012
Employment effect (start)
1 February 2012
Foreseen end date

Description

On 18 January 2012, Danish mortgage provider and bank Nykredit announced that 125 employees will be made redundant due to internal restructuring.

In a first step Nykredit will cut 75 jobs and over the coming months a further 50 people will be made redundant. Exact information on the timeline of the restructuring has yet to be provided.

Nykredit employs about 4,000 people.


Sources

  • 18 January 2012: dr.dk

Citation

Eurofound (2012), Nykredit, Internal restructuring in Denmark, factsheet number 73006, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73006.