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Nordea Bank to cut more than 6,000 jobs amid backlash over moving its HQ
Published Thu, Oct 26, 2017 · 09:50 PM
Copenhagen
NORDEA Bank AB said it will need to cut at least 6,000 jobs as the Nordic region's largest lender struggles to stay competitive.
The bank said about 2,000 of those will be consultants. Nordea will need to take a "transformation cost" of as much as 150 million euros (S$240 million) in the fourth quarter, to help deal with the cuts, chief executive officer Casper von Koskull said in a statement on Thursday.
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