Scores laid off as Jyske Bank streamlines

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

June 16th, 2014 2:54 pm| by admin
facebooktwittergoogle_pluspinterestmail

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.

Unfortunately, the meteorite hasn't been recorded on camera directly. (photo: iStock)
Meteorite landing site located in Greater Copenhagen area
The Natural History Museum has established that the meteorite that hit Denm...
Customers can buy their own VR glasses (photo: iStock)
Virtual reality store opens in Copenhagen
Denmark's first virtual reality store opened last Friday in Vesterbro's mea...
D-A-D, a popular Danish rock band, will perform at the charity concert (photo: dr_zoidberg)
Popular Danish acts to play benefit concert for refugees
D-A-D, Turboweekend, Aura, Wafande, Pharfar and Vild Smith are just some of...
Lego is no longer the king of the branding castle (photo: Joergsam)
Lego toppled as most powerful brand in the world
The Danish toy producer Lego has been knocked off its perch by Disney as th...
Danish beef heading back to Japanese shelves (photo: iStock)
Japan opening its doors to Danish beef again
For the first time in 15 years, Danish food exporters will be able to sell ...
It is just the second time in its five-year history that the C20 has fallen by more than 4 percent (photo: iStock)
C20 Cap-Index in historic tumble
The Danish C20 Cap-Index yesterday recorded its largest ever one-day drop, ...