Denmark -New job cuts in banking -December 09, 2013

The bank Nykredit announced its latest austerity plan entitled ‘NyKredit 2015’; the aim is to save half a billion kroner. A substantial part of the savings will come at a human cost, with 300 managerial and staff positions being cut. Nykredit already cut 125 jobs in January 2012. The employees stated that they are suffering for corporate incompetence. Once again, less than two years after the last round of layoffs, the workers are penalised for a lack of due diligence and co-ordination within the company.



For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Mariya Nikolova For previous issues of the Collective bargaining newsletter please visit You may find further information on the ETUI at, and on the AIAS at

News Archive