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Provider: Reuters Investment Profile
Provider: Wright Reports
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Jutlander Bank A/S adapts organization and cuts jobs

Thursday, 23 Jan 2014 02:56am EST 

Jutlander Bank A/S:Says it has conducted the personnel adjustments which were announced when the merger plans between Sparekassen Himmerland A/S and Sparekassen Hobro were announced in Oct. 2013.Says the two entities had 438 employees and according to the merger plan the number is reduced by about 10 percent.Says 26 employees have chosen the company's offer of a voluntary severance agreement so the need for actual layoffs was reduced to 14 employees corresponding to 3.2 percent of the original workforce.Says it has decided to combine the current divisions in Terndrup, Als and Hadsund in one department in Hadsund.Says it has also been resolved that two of the smallest departments Ravnkilde and Noerager, and Adelgade in Hobro will be moved into private customer department in Store Torv in Hobro.Says the changes will take place over the coming months. 

Company Quote

4.5 +2.91%
30 Oct 2014