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 - Financial service activities, except insurance and pension funding
515 jobs Number of planned job losses
Announcement Date
23 September 2002
Employment effect (start)
Foreseen end date
1 January 2005
Description
As a financial organization, Frankfurter Sparkasse is the largest savings bank in the State of Hesse and the fourth-largest savings bank in the Ferderal Republic of Germany. Through the Savings Bank Association of Hesse-Thuringia, Frankfurter Sparkasse is a member of the German Savings Bank Association and thus belongs to the largest financial group in the world, namely the S-Finanzgruppe. About 3,000 employees work at Frankfurter Sparkasse.
Sources
Citation
Eurofound (2002), Frankfurter Sparkasse 1822, Internal restructuring in Germany, factsheet number 59593, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59593.
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