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 64.9 - Other financial service activities, except insurance and pension funding
200 jobs Number of planned job creations
Announcement Date
16 October 2006
Employment effect (start)
16 October 2006
Foreseen end date
31 December 2007
Description
On 16 October 2006, cooperative bank Norisbank opened 38 so-called Easycredit-shops. Norisbank is planning to establish another 60 shops in 2007 and to create 200 service jobs.
In summer 2006, Norisbank gave up on traditional forms of banking and sold its 98 local banks to Deutsche Bank. Whereas these banks now are part of Deutsche Bank, the workforce is still employed at Norisbank and partly works at the local banks and the new credit shops.
Norisbank's new 'Easy-credit-shop' concept to increase its number of customers is said to follow sales strategies of retail companies: the new shops specialise on easy-to-get credits for private customers.
Sources
17 October 2006: Financial Times Deutschland
Citation
Eurofound (2006), Norisbank, Internal restructuring in Germany, factsheet number 64285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64285.
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