Danske Bank unveiled plans to cut 3,000 jobs and sell 7 billion kroner (€900 million) in shares as Denmark’s largest lender looks for ways to increase its capital buffers.
The measures were announced together with Danske’s third-quarter report, showing net income of 1.31 billion kroner, compared with a loss of 384 million kroner a year earlier.
Danske’s share sale will be through an accelerated book building process to help achieve a core Tier 1 capital ratio in excess of 13 per cent by the end of next year…
.
Danske Bank to cut 3000 jobs
.
http://www.irishtimes.com/newspaper/breaking/2012/1030/breaking26.html
Job Market Monitor 
Discussion
Trackbacks/Pingbacks
Pingback: ING to cut jobs more than 2,000 jobs worldwide « Job Market Monitor - November 7, 2012
Pingback: Germany – Commerzbank – Up to 6,000 jobs cut « Job Market Monitor - November 7, 2012
Pingback: Banks / Job cuts amount to near 160,000 « Job Market Monitor - November 16, 2012
Pingback: Banks need another 40,000 job cuts says Roland Berger Strategy « Job Market Monitor - November 20, 2012
Pingback: Denmark / Saxo Bank to cut 266 jobs (17,5% of workforce) « Job Market Monitor - November 27, 2012
Pingback: Spain / Bankia cuts 6,000 jobs « Job Market Monitor - November 28, 2012
Pingback: Barclays / 3,500 jobs could be cut « Job Market Monitor - November 30, 2012
Pingback: Finance / 300,000 jobs gone in the past two years, more than half a million in four years « Job Market Monitor - December 6, 2012
Pingback: Bank Layoffs to Continue « Job Market Monitor - December 26, 2012
Pingback: Barclays, Deutsche Bank / To cut pay up to 20 percent « Job Market Monitor - January 14, 2013