Danske Bank has today carried out adjustments to the organisation by making a total of 420 positions redundant across the bank. The redundancies have primarily taken place in Denmark (230) and Lithuania (114), and to a lesser extent in Finland, Norway, Sweden, Poland and Northern Ireland.

The adjustments reflect our efforts to continuously adapt to the needs of our customers, to invest in technology, advisory services and competencies and to become a more digital and efficient bank.

Our increased automation and simplification efforts in recent years mean that many activities which previously required extensive manual work are now automated or supported by stronger tooling. This has also reduced the need for employees in parts of the organisation, including areas where larger projects have been completed and integrated into our ongoing operations.

The redundant positions are primarily within support functions without direct interaction with our customers, meaning they will not experience changes as a result of the situation.

Karsten Breum, Chief People Officer, says:
“The adjustment is part of our continuous efforts to develop and adapt our organisation in line with our strategy and to become a more digital and efficient bank focused on our customers’ needs. We are doing everything we can to implement these changes with the greatest possible respect and consideration for those who have been made redundant as well as for their colleagues. Though some of the employees affected by these changes will be able to transfer to open roles elsewhere in the bank, we unfortunately must let go of skilled and dedicated employees.”

The affected employees have been informed and are being offered support, including job-matching opportunities, access to the bank’s internal job portal during the notice period and participation in an outplacement programme.