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Danish military to face layoffs - report.

NORDIC BUSINESS REPORT-10 March 2004-Danish military to face layoffs - report(C)1994-2004 M2 COMMUNICATIONS LTD

The Danish military will reportedly present its proposed defence accord for 2005-2009 on Wednesday (10 March), according to which the defence budget would remain unchanged at DKK19.1bn in 2005.

Although the budget would remain unchanged in 2005, defence commanders would reportedly be charged with conducting a reallocation of military funds resulting in layoffs, reassignments and cost savings.

More Danish troops would be deployed on international operations, while fewer soldiers would be trained expressly to defend Danish territory.

Denmark must reportedly be prepared to send out 2,000 troops simultaneously, twice the current deployment capacity, but in return the draft period would be shortened to three months.

According to the Danish news agency Ritzau, Danish defence minister Svend Aage Jensby had proposed earmarking DKK900m for yearly international missions in a closed account at the ministry of finance.

One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUDE
Date:Mar 10, 2004
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