Type
Offshoring/Delocalisation
Country
European Union
Region
Location of affected unit(s)
Denmark, Lithuania
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation
New offshoring locations
Lithuania

300 jobs
Number of planned job losses
Job loss
Announcement Date
13 November 2012
Employment effect (start)
Foreseen end date

Description

On 13 November 2012, Danske Bank, Denmark's largest bank, announced plans to move 300 administrative positions from Denmark to Lithuania. This move forms part of current cost saving efforts by the Bank which had previously announced its plans to cut 3,000 positions within the next three years.


Sources

  • 13 November 2012: Jyllands-Posten

Citation

Eurofound (2012), Danske Bank, Offshoring/Delocalisation in European Union, factsheet number 74653, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74653.