Danish central bank to cut workforce by 10%


Denmark's central bank has announced it will lay off 55 employees over the next year-and-a-half as it adjusts to more normal economic conditions and prepares to phase in new technology making several existing tasks at the bank redundant.

The National Bank of Denmark said on its website yesterday that the "extraordinary demand" put on its resources by the financial crisis was subsiding – adding it had lowered its "level of alertness". About 40 positions in the organisation will be made obsolete

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