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
321 jobs Number of planned job losses
Announcement Date
29 November 2016
Employment effect (start)
Foreseen end date
Description
The largest Danish bank, Danske Bank, announced 29 November 2016 that 321 jobs will be made redundant. In October 2016 Danske Bank launched a voluntary redundancy arrangement. 244 employees accepted the arrangement but a further 77 will be dismissed. The bank informs that changing costumer behaviour, digitalisation, intense competition and increased regulation are among the reasons for the restructuring.
Sources
29 November 2016: Internetavisen Jyllandsposten
Citation
Eurofound (2016), Danske Bank, Internal restructuring in Denmark, factsheet number 89672, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89672.
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