Danske Bank cuts 106 more jobs in third layoff round

Danske Bank is cutting 106 more jobs across its operations. About half of these lost positions are in Denmark. This marks the bank's third round of layoffs this year. The cuts affect both local and regional staff.

Earlier this year, the bank reduced its workforce twice. It laid off 420 workers in February. It cut another 262 positions in May. The bank aims to create a simpler business model. It wants to focus more on digital services.

Remaining job cuts will happen in five other countries. These countries are Finland, Lithuania, Norway, Poland, and Sweden. None of those foreign roles involve direct customer contact. All affected employees received notice on Thursday.

Karsten Breum is the bank's Chief People Officer. He said the bank is adjusting to customer expectations. The changes support its Forward '28 strategy. He acknowledged this is a hard time for staff.

The bank offers support to affected workers. Staff will get access to internal job listings. Most workers can join an outplacement program. Danske Bank employs over 20,000 people globally. This news was reported by The Local Denmark.