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Norwegian bank DNB announces large-scale layoffs due to inflation and regulations

Summary by Business AM

Key takeaways DNB, Norway’s largest bank, is in the process of cutting 500 full-time positions in a cost-cutting exercise. The decision is a response to rising costs due to inflation and regulatory requirements. CEO Kjerstin Braathen stressed that the bank wants to use its resources more efficiently by focusing on fewer, bigger initiatives. […]

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1 Articles

1 Articles

Norwegian bank DNB announces large-scale layoffs due to inflation and regulations

Key takeaways DNB, Norway’s largest bank, is in the process of cutting 500 full-time positions in a cost-cutting exercise. The decision is a response to rising costs due to inflation and regulatory requirements. CEO Kjerstin Braathen stressed that the bank wants to use its resources more efficiently by focusing on fewer, bigger initiatives. […]

1 year ago

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Business AM broke the news in 1 year ago on Wednesday, September 11, 2024.

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