Nordea Bank AB (NDA) will need to cut more than the 2,500 jobs already axed to adjust to slow growth, as Scandinavia’s biggest bank focuses on increasing rewards to shareholders, Chief Executive Officer Christian Clausen said.
“Exactly how we’re going to do this thing is not that clear,” Clausen said today in an interview in Stockholm. “I cannot say a number, but the trend and the plan we have seen executed over recent years, and also going further back, will continue so we will be fewer people going forward, that’s for sure.”
Chosen excerpts by Job Market Monitor. Read the whole story at Nordea Says 2,500 Job Cuts Not Enough as More Savings Sought – Bloomberg.
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