Danske Bank, the Denmark-based lender troubled by money laundering scandals, is planning to trim its workforce.
According to a Reuters report, the bank has offered voluntary redundancy to 2,000 employees in Denmark.
Go deeper with GlobalData
The employees served with the notice are based in special headquarters and involved in staff functions in Denmark.
The lender employs around more than 11,000 people in the country.
The redundancy plan comes after the bank began a hiring freeze in October to meet increasing compliance costs.
In an email to Reuters, Danske Bank interim chief HR officer Anne Knos said: “As part of our plan to become a better bank, we need to reduce costs to be able to, among other things, invest significantly in becoming a more digital, simple and efficient bank.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataLast week, the bank announced to axe 108 positions in Finland. Earlier in November last year, it trimmed 50 people from its foreign exchange and fixed income business.
The Danish bank plans to spend DKK1.5bn- DKK2bn ($220m-$300m) on digitalisation and anti-money laundering efforts this year as it seeks to reduce costs.
In November last year, LHV Pank acquired private loans portfolio from the Estonian branch of Danske Bank. The branch was liquidated following money-laundering scandals.
Last year, the Denmark-based lender also shut down its operations in Russia and all Baltic states following the scandal.
