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Swedbank
Swedbank – To reduce staff by 600-800 employees
Swedbank, the first large Nordic bank to report third-quarter earnings, aims to cut costs to 16 billion Swedish crowns (2.23 billion US dollar) by 2016 from a projected 17.6 billion in 2014. That includes reducing staff by 600-800 employees in Sweden, around 5 percent of total staff. “The door for new recruits will essentially be … Continue reading
Northern Europe / Nordea / To cut as many as 940 more jobs
Nordea Bank CEO Christian Clausen signalled on Wednesday he still needs to cut as many as 940 more jobs at Scandinavia’s biggest lender to reach a goal of lowering headcount at least 10%. “We have reduced our staff by 8%, we have come far,” Mr Clausen said in an interview, after the company said in … Continue reading
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