Business
CROSS-SPECTRUMBROAD COVERAGE
Danske Bank trims 106 jobs across Nordic and Baltic operations
Danske Bank announced it will cut 106 positions, with roughly half of the jobs eliminated in Denmark and staff in Finland, Lithuania, Norway, Poland and Sweden also affected.
The bank said the reductions are part of its "Forward 28" strategy to consolidate capacities and simplify processes. About half of the cuts will occur in Denmark, while employees in Finland, Lithuania, Norway, Poland and Sweden will also lose jobs, though the exact numbers per country were not disclosed. The announcement was made on Thursday via a press release.
Why it matters
The layoffs affect hundreds of workers and signal a strategic shift for a major regional bank.
In this story
job cutsDanske BankForward 28 strategyDenmarkFinlandLithuaniaNorwayPolandSwedenrestructuring
