EMCC European Monitoring Centre on Change

Nordea

Company/Organisation:
Nordea

Geographic Location

Country: Denmark
Region: København og Frederiksberg kommuner
Location of affected unit(s): All units in Scandinavia and Finland

Company

Sector: Financial services
Financial and insurance activities
64.1 - Monetary intermediation
Group: Nordea

Employment Effects

Announcement Date: 22-10-2002
Planned Job Reductions min: 1200
Planned Job Reductions max: 1500
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2003

Additional Information

Redundancies will take place this year and next year. So far the staff has been reduced by 400, hereof 100 in Nordea Securities.