Restructuring events
European Restructuring Monitor (ERM)
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.
The German co-operative bank Apobank has announced the reduction of 300 jobs in all business areas. The job reductions are intended to make processes more efficient and save costs. The jobs are to be reduced over the next 2 years. This reduction is to be carried out largely through staff turnover, a voluntary programme and early retirement schemes, with no dismissals for operational reasons.
The Apobank is the second largest co-operative bank in Germany and employs around 2,300 people. It offers banking services for pharmacies and medical practices as well as for employees and the self-employed in the medical professions.
Eurofound (2024), apoBank, Internal restructuring in Germany, factsheet number 201060, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201060.