Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Danske Bank A/S    DANSKE   DK0010274414

DANSKE BANK A/S

(DANSKE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Danske Bank A/S : lays off 257 employees under announced cost reduction plan

11/26/2020 | 04:19am EST
Danske Bank has today laid off 257 employees across the organisation as part of its 2023 plan to reduce costs and become a simpler and even more competitive bank.

In addition to the layoffs, 261 employees in Denmark have applied for and been granted a voluntary redundancy agreement, which means that they will be leaving Danske Bank in the coming months. Both the layoffs and the voluntary redundancy agreements form part of the discontinuation of up 1,600 positions over a period of 6-12 months announced in October.

'It is never easy to say goodbye to skilled and competent colleagues, and we are doing what we can to help the employees affected along as best possible. We are undertaking a major transformation to adapt to the structural changes that are happening in the financial sector. That requires us to reduce costs significantly, and sadly, we cannot avoid layoffs in this connection. We continue to look at all cost types and other measures to reduce the number of layoffs necessary, just as we make every effort to carry out the discontinuation of positions in the most respectful and considerate way we can,' says Karsten Breum, member of the Executive Leadership Team of Danske Bank and Head of HR.

Of the total 257 positions that are discontinued, 155 are in Denmark, 26 in Norway, 35 in Sweden and 41 in Finland.

Danske Bank

Disclaimer

Danske Bank A/S published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 09:18:00 UTC


© Publicnow 2020
All news about DANSKE BANK A/S
01/15KONGSBERG GRUPPEN : enters into an agreement for purchase of own shares for long..
AQ
01/14DANSKE BANK A/S : Pound hits fresh three-week high versus euro
RE
01/11DANSKE BANK A/S : Fitch Upgrades Realkredit Danmarks CC T Covered Bonds to AAA A..
PU
01/11DANSKE BANK A/S : New SpareBank 1 Boligkreditt NOK Covered Bond Mandate
AQ
01/08DANSKE BANK A/S : Script for pre-close call Q4 2020
PU
01/07Voluntary offer - offer document approved
AQ
01/07DANSKE BANK A/S : Danish prosecutors drop money laundering charges against ex-Da..
RE
01/07DANSKE BANK A/S : Danish prosecutors drop money laundering charges against ex-Da..
RE
01/05DANSKE BANK A/S : Gerrit Zalm - English CV
PU
01/04DANSKE BANK A/S : Fitch AffirmsDanske Bank ASs Mortgage Cover Pool D and I Cover..
PU
More news
Financials
Sales 2020 42 160 M 6 850 M 6 850 M
Net income 2020 4 321 M 702 M 702 M
Net Debt 2020 - - -
P/E ratio 2020 23,1x
Yield 2020 1,88%
Capitalization 93 705 M 15 240 M 15 224 M
Capi. / Sales 2020 2,22x
Capi. / Sales 2021 2,20x
Nbr of Employees 22 582
Free-Float 78,4%
Chart DANSKE BANK A/S
Duration : Period :
Danske Bank A/S Technical Analysis Chart | DANSKE | DK0010274414 | MarketScreener
Technical analysis trends DANSKE BANK A/S
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 112,91 DKK
Last Close Price 109,90 DKK
Spread / Highest target 63,8%
Spread / Average Target 2,74%
Spread / Lowest Target -24,1%
EPS Revisions
Managers and Directors
NameTitle
Chris Vogelzang Chief Executive Officer
Karsten Dybvad Dalsjö Chairman
Frans Woelders Group Chief Operating Officer
Stephan Engels Chief Financial Officer
Fredrik Lindstrom Group Chief Information Officer
Sector and Competitors