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Denmark / Saxo Bank to cut 266 jobs (17,5% of workforce)

Denmark’s Saxo Bank is to cut its workforce by 17.5 percent because of reduced trading activity, a source close to the company told Reuters.

A total of 266 of the bank’s 1,513 employees will lose their jobs,” the source said. The bank declined to comment until after it had released a statement later on Tuesday.

Co-founder and joint Chief Executive Kim Fournais told Reuters in a recent interview that the bank had never had as many clients, but that customers had never traded as little as they do currently…

Choosen excerpts by Job Market Monitor from

via Denmark’s Saxo Bank to cut jobs as trading stalls | Reuters.

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