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.
The largest bank in Denmark, Danske Bank, announced to make 250 employees redundant. The larger part of dismissed workers were given notice on 19 November.
The restructuring is part of a larger costs-saving initiative. 94,000 customers have left the bank during 2013 mainly because of dissatisfaction with the bank. Dismissals thus are to affect mostly units not related to customer services. Furthermore, the bank aims to streamline staff functions and focus more on better customer care.
Workers affected by the layoffs are being assisted in their job search.
In 2012, Danske Bank announced plans to offshore 600 positions in Denmark. The total number of Danish staff was estimated to amount to about 5,300 thereafter.
Eurofound (2013), Danske Bank, Internal restructuring in Denmark, factsheet number 76209, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76209.