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Danske Bank planning to restructure in Finland, may cut up to 108 jobs

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Danske Bank planning to restructure in Finland, may cut up to 108 jobs

Danske Bank A/S may cut the number of its supervisory roles in Finland by up to 33 and the number of its functionary and specialist roles by up to 75, as part of its plans to restructure and simplify its operations in the Nordic state.

Danske, which currently employs approximately 2,000 people in Finland, said Jan. 9 it is planning to make the changes following a shift in the country's operating environment and customer behavior. The plans include combining units into stronger entities, renewing leadership models, cutting supervisory positions and simplifying organizational structures.

To take into account the restructuring's potential impact on roles, the bank will start a co-determination process starting Jan. 14 that will last at least six weeks. It also announced approximately 40 vacant positions and said that new positions may also be opened during the process.

The bank does not currently plan to change the number of specialists advising customers in the country.

Danske absorbed its Finnish unit Danske Bank Oyj in 2018.