Danske Bank seeks to trim Danish headcount by 2,000

Jonathan Boyd
clock • 1 min read

Danske Bank is seeking voluntary redundancy of 2,000 of its 11,000 Danish workforce, following a year of poor headlines around its role in a money laundering scandal and poor results in surveys of local retail banking customers. As noted in an interview cited by DR and TV2 in Denmark, the bank's head of Human Resources Anne Knøs confirmed the redundancies, as the organisation seeks to become an "even more digital, simple and effective" bank. Danske Bank is seeking to make DKK5bn in cost savings by 2023 versus 2019, notes TV2. It has already introduced a hiring freeze, and is now seeki...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.