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
240 jobs Number of planned job losses
Announcement Date
6 December 2004
Employment effect (start)
Foreseen end date
Description
Allianz AG's Dresdner Bank AG is planning to cut 240 jobs at its investment banking unit Dresdner Kleinwort Wasserstein (DrKW) by the end of 2004, a spokesperson for DrKW said. Of DrKW's 6,000 employees worldwide, about 90 will lose their jobs in London, 80 in Frankfurt, 50 in New York and 20 in Tokyo. Roughly half of the affected jobs are back-office positions.
Sources
6 December 2004: AFX International Focus
Citation
Eurofound (2004), Dresdner Kleinwort Wasserstein (DrKW), Internal restructuring in World, factsheet number 60886, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60886.
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