EMCC European Monitoring Centre on Change

Danske Bank

16 Jul, 2015
    • Denmark
  • Organisation size

    1000+

  • Establishment size

    1000+

  • Type of restructuring
    • Internal restructuring
  • Ownership
    • Private
  • Sectors
    • Financial services
  • Involved actors

    • European Commission
    • National government
    • Public employment service
    • Education/training provider
    • Business/employers organisation
    • Trade union
    • Works council
  • Management of change activities
    • Diagnosis of the situation and designing change procedures
    • Information and consultation of workers or their representatives
    • Multistakeholder communication and networking
    • Redeployment of affected employees within the organisation
    • Transition of affected employees to other employers
    • (Re)training of affected employees
    • Income support for affected workers
    • Flexible/early retirement schemes
This case study demonstrates how Danske Bank, one of the largest banks in northern Europe, has dealt with the impact of the financial crisis. It also shows how it has coped with longer term restructuring requirements arising from rapid expansion and internationalisation of the bank, the integration of IT systems and the relatively high employment density in the sector in Denmark. As well as presenting the approach to restructuring at national level in Denmark, this case study looks at the role played by the company’s relatively new European Works Council in the discussions.
keywords
  • Recession/crisis
  • Flexicurity