Jyske Bank cuts 177 full-time jobs, aims for further cuts

COPENHAGEN, June 16 Mon Jun 16, 2014 2:51am EDT

Related Topics

COPENHAGEN, June 16 (Reuters) - Jyske Bank will cut 177 full-time jobs with the aim of eventually bringing down the number of full-time employees to approximately 4,000, Denmark's second-biggest bank said on Monday.

The bank had 4,444 full-time employees at the end of May.

"Several jobs will be cut with immediate effect, and this will unfortunately result in the lay-off of 92 employees," Jyske Bank said in a statement.

The rest of the cuts will come from planned retirements and internal redeployment over the next 12 months. (Reporting by Ole Mikkelsen, editing by Louise Heavens)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.