The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other monetary intermediation
100 jobs Number of planned job creations
Announcement Date
25 May 2021
Employment effect (start)
25 May 2021
Foreseen end date
Description
German multinational investment bank and financial services company Deutsche Bank has announced that it is to relocate 100 jobs from the UK to its units located in Asia and in the European Union, including Germany and Ireland. The bank reveals that it will accelerate the restructuring of its corporate banking operations in London in the wake of Brexit.
Under the programme, the bank is to reduce costs at the division. It is reported that some of Deutsche Bank's London-based staff can reapply for their jobs if they are able to work within the EU, although their pay would be cut.
The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia.
Eurofound (2021), Deutsche Bank, Business expansion in World, factsheet number 104940, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104940.
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