Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Danish bank Nykredit is to make 300 workers redundant. This will mainly affect mid-level managers and employees at the headquarters. Staff that is in costumer care will not be cut. This is part of a large-scale savings plan.
Negotiations with labor representatives will last until 31 December. The management stated that it aims at implementing some of the cuts via natural attrition.
Updated, 26/03/2014: Following negotiations with the employee representatives it was announced that the job reduction plan refers to 220 direct redundancies and 80 job losses by means of natural attrition.
Eurofound (2013), Nykredit, Internal restructuring in Denmark, factsheet number 76312, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76312.