Østjydsk Bank A/S Announces Earnings Results for the Full Year of 2012; Plans to Lay Off 10
The company also announced that it plans to cut costs. As part of the restructuring, two branches will be merged with other branches and 10 employees will be laid off. The moves are expected to result in annual cost savings of about DKK 15 million but will not affect the company's operating profit until 2014.