CPH Post

Business

Scores laid off as Jyske Bank streamlines

A further 267 full-time jobs are on the chopping block in the future


The bank blamed low activity, declining loan volumes and the consolidation of positions due to the merger with BRF Kredit (Photo: Scanpix)

June 16, 2014
14:54

by Christian Wenande


Jyske Bank has decided to cut 177 full-time positions in a bid to streamline its operation to 4,000 full-time employees, it announced in a press release.

The bank blamed low activity, declining loan volumes and the consolidation of positions due to the merger with BRF Kredit for needing to trim away employees.

“Several positions will cease immediately, which will unfortunately lead to the laying off of 92 employees,” the bank stated in a press release. “The rest of the reductions will occur via planned pensioning and internal reshufflings over the course of this year.”

READ MORE: Jyske Bank merges with BRF Kredit, announces profits

More to come
Jyske Bank had 4,444 full-time employees at the end of May this year, so aside from the 177 full-time positions announced today, a further 267 full-time jobs are on the chopping block in the future.

The bank also revealed that it intends to merge its department in Løkken with the branch in Brønderslev, while the branches in Sakskøbing and Rødby will be merged with the department in Maribo.

In late April, Jyske Bank posted quarterly profits that were well below expectations.



Related stories



Latest Comments

#danishcraftsmanship

(Andreas Philip Andersen on December 21, 2014 13:27)

I had Danish citizenship and had to give it up at 21 for my Canadian...

(Tina Venema on December 21, 2014 12:52)

I'm sorry but your article lacks objectiveness. It is so coloured, and...

(Martin Madsen on December 21, 2014 12:01)

Yes, the huge influx of 3ed world immigrants, combined with increased loss of...

(Jens Rost on December 20, 2014 13:08)

Why use the education system when the welfare system is soooo much easier. ; )

(Alex DeGre?t on December 20, 2014 12:28)

Io l'ho provato, eccezionale!!

(Federico Lepra on December 20, 2014 12:06)

BMI is pure bullshit, favored mainly by insurance companies to deny, or...

(Alex DeGre?t on December 19, 2014 21:10)

What about the French?

(William Harvey on December 19, 2014 13:00)

I should tell my cow sister-in-law who hasn`t worked in 26 years.

(Jon Paris King on December 19, 2014 12:43)

Vivo en Argentina y nunca pude lograr la doble ciudadanía ya que mi padre...

(Patricia Thomassen on December 18, 2014 19:38)