May 28, 2015 / 10:44 AM / 2 years ago

BRIEF-BankNordik reduces 25 full-time positions

May 28 (Reuters) - BankNordik P/F :

* Says aiming to increase its competitive strength, the Bank is today eliminating 25 full-time positions

* Changes will result in the termination of 20 positions and staffing reductions corresponding to five additional full-time positions to be achieved through normal attrition

* Reducing the number of full-time positions by 25 will cut annual costs by about 17 million Danish crowns ($2.49 million)

* Severance payments will total about 13 million crowns, and the amount will be recognized in the financial statements for Q2

* Maintains its full-year guidance

Source text for Eikon:

Further company coverage: ($1 = 6.8218 Danish crowns) (Gdynia Newsroom)

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