Nordic pension fund completes firing round, prepares for crisis

CEO of AP Pension Bo Normann Rasmussen does not rule out more staff cuts as prognoses for the economy as a whole and the pension fund’s profit continue to disappoint.
CEO of AP Pension Bo Normann Rasmussen | Photo: PR/AP Pension
CEO of AP Pension Bo Normann Rasmussen | Photo: PR/AP Pension
by mikkel holmgaard winding, translated by catherine brett

First came a hiring freeze, then a firing wave. Now Denmark’s AP Pension hopes that letting 11 employees go means that the fund can weather coming challenges.

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