EMCC European Monitoring Centre on Change

Danske Bank

Company/Organisation:
Danske Bank

Geographic Location

Country: European Union
Location of affected unit(s): Denmark, Lithuania

Company

Sector: Financial services
Financial and insurance activities
64.1 - Monetary intermediation
Number Employed: 21320

Employment Effects

Announcement Date: 13-11-2012
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Offshoring/Delocalisation

Additional Information

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.