Latest business news and updates from Denmark in English.
Novo Nordisk faces criticism for a new campaign accused of exploiting legal gray areas and stigmatizing larger bodies. The Danish pharmaceutical giant denies hidden advertising allegations while authorities confirm campaign legality. The controversy highlights ongoing debates about pharmaceutical marketing ethics.
Novo Nordisk has confirmed cutting 5,000 jobs in Denmark as part of its global restructuring plan. The pharmaceutical giant aims to save billions through these workforce reductions. These cuts represent significant corporate downsizing in Denmark's business landscape.
Novo Nordisk has completed its planned layoffs of 5,000 employees in Denmark as part of global workforce reductions. The pharmaceutical company aims to save approximately eight billion kroner annually through these cuts. The move comes despite the company's recent market success with popular weight-loss medications.
Copenhagen's Frederiksberg Municipality plans to report luxury rental company LifeX to police over pricing practices. The firm charges up to 13,000 DKK monthly for single rooms in premium apartments. This case highlights growing tensions in Nordic housing markets between commercial operators and affordability concerns.
A new survey reveals half of Danish union members fear losing their jobs despite record-low unemployment. The anxiety comes as companies and government announce cost-cutting measures across Denmark.
Danish trade unions will gain billions in a major bank merger that transforms Workers' Bank into AL Sydbank. While losing full control, unions receive massive financial windfalls that could reach 17.4 billion kroner. The cash infusion comes as several major unions face membership declines and financial pressures.
Electric vehicles represented 70.6% of new car registrations in Denmark during October, showing a slight decrease from September's 73.4% share. Industry leaders remain optimistic about continued strong electric car adoption through 2025.
Danish supermarkets implement massive price increases following a controversial new tax. Food costs have risen over 30% since 2021, with dairy and meat products seeing the steepest hikes. Danish families now face difficult choices about their grocery budgets.
Denmark launches 163.8 million kroner support scheme for greenhouse growers facing CO2 taxes. The program aims to prevent closures while maintaining environmental goals. Growers can receive up to 80% compensation through 2029.
M2 Byg ApS construction firm in Northern Denmark declared bankruptcy despite reporting profits last quarter. The company cited missing orders as 26 employees face job uncertainty. Several workers may continue on unfinished projects.
Copenhagen's Tivoli Gardens raised its full-year financial forecast despite a small dip in visitor numbers. The park saw strong international tourism and improved revenue per operating day. Seasonal extensions and good weather contributed to the positive outlook.
Novo Nordisk has launched a surprise bid to acquire biotech firm Metsera, challenging Pfizer's previously announced takeover. The Danish company offers $56.50 per share plus performance bonuses, exceeding Pfizer's September agreement. This creates a bidding war for the promising biotechnology assets.
Danish furniture retailer Ilva reports its third straight year of operating losses despite revenue growth. The company is shrinking stores as part of a major business transformation. CEO acknowledges disappointing results but sees progress in the second half of the year.
Denmark's Wage Guarantee Fund sees 5.5% fewer unpaid salary claims after bankruptcies this year. The decline signals improving labor market conditions as fewer workers need financial protection. Employer-funded compensation payments also decreased compared to previous years.
Netcompany's Q3 revenue surged 34% following its acquisition of banking data firm SDC. The Danish IT company now expects annual cost savings of 300-350 million kroner from the integration. Organic growth forecasts were slightly revised downward to 6-8% for the full year.
Danish tax authorities found 94% of checked influencers failed to report income correctly. Over 600 creators received bills totaling nearly 13 million kroner. The situation reveals challenges in taxing digital content creation.
Danish tax authorities found 94% of influencers audited had incorrectly reported income from platforms like OnlyFans. The government has issued bills totaling nearly 13 million kroner to over 600 content creators. Tax officials plan to improve guidance for the growing creator economy sector.
Denmark's largest limestone quarry has significantly improved efficiency with a new wheel loader that loads trucks in three bucket loads instead of five. The Komatsu machine handles approximately 20,000 tons monthly while reducing fuel consumption and maintenance needs. Operator comfort and visibility have also been enhanced with the new equipment.
Saxo Bank faces a two million kroner fine for financial reporting violations. A Danish court found the bank failed to properly report millions of transactions. The penalty comes despite prosecutors seeking a much higher fine.
Fifteen media professionals lost their jobs as Danish media companies restructure through a new partnership. The changes include closing two editorial departments and creating new management positions. This consolidation reflects ongoing challenges in Denmark's media industry.
A Danish children's toy retailer faces a 400,000 kroner fine for automatically enrolling customers in hidden subscriptions. The court ruled the company failed to clearly disclose recurring charges when customers made purchases. The case highlights ongoing concerns about subscription traps in Nordic e-commerce.
Danish broadcaster TV 2 has eliminated four positions and dissolved its investigative reporting team in a major restructuring. The changes reflect a strategic shift toward larger documentaries and integrated news coverage. The network plans to create five new digital content positions while ending several existing programs.
Norwegian insurance company Gjensidige is cutting 145 positions in Denmark as part of cost-cutting measures. The restructuring will affect both direct layoffs and unfilled vacancies, with the Aabenraa office closing entirely. The move comes despite the company reporting significant growth in the Danish market.
EnTech Marine in Hirtshals has successfully tackled Northern Jutland's apprentice shortage despite regional population decline. The company shares its strategy for attracting and retaining young workers in shrinking communities. Their approach offers hope for other Nordic towns facing similar challenges.