AMWatch

Nordea employees brace for job cuts as new CEO reviews costs

Nordea's employees are bracing for an acceleration in the pace of job cuts after the board replaced their chief executive officer with "a fearless boss".

Photo: 10030 Jonas Ekströmer/TT/TT NYHETSBYRÅN / TT NYHETSBYRÅ

“It is likely that the reductions will increase significantly and the timetable will be tightened,” Kari Ahola, an employee representative on Nordea’s board, told Bloomberg.

The comments follow Nordea’s announcement last week that it made Frank Vang-Jensen CEO after just two years at the bank.

The 51-year-old, who had run Nordea’s personal banking business, is replacing Casper von Koskull, who said in late June he wanted to
retire by next year when he turns 60.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch