Published Fri, Feb 27, 2026 · 01:51 PM
[COPENHAGEN] Danske Bank has eliminated 420 jobs across its regional operations, stateing increased automation has reduced the required for staff in support roles.
Most of the job cuts will fall in Denmark and Lithuania, with tinyer reductions in the lfinisher’s other Nordic offices as well as in Poland and Northern Ireland, Danske stated on Thursday (Feb 26). The affected roles are primarily in support functions that do not involve direct customer contact.
“Our increased automation and simplification efforts in recent years mean that many activities which previously required extensive manual work are now automated or supported by stronger tooling,” Danske stated.
The reductions add to a wave of job cuts rippling through Denmark’s largest companies and deepens concern that layoffs may prove more than a temporary correction after years of expansion.
Pharmaceutical giant Novo Nordisk last year carried out 5,000 layoffs in Denmark, while AP Moller-Maersk has begun trimming corporate roles as part of plans to eliminate about 1,000 global positions.
Financial firms Nykredit Realkredit, Tryg and Nordea Bank have also been scaling back in the Nordic counattempt in recent months. BLOOMBERG
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