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
700 jobs Number of planned job creations
Announcement Date
10 November 2006
Employment effect (start)
Foreseen end date
31 December 2009
Description
On 10 November 2006, Commerzbank, a financial services provider, announced that it is planning to create 700 jobs. 500 of the jobs shall be created at the branches while the other 200 will be placed at its online-branch called Comdirect.
The job creation measures are part of its strategy to concentrate more strongly on the acquisition of new private costumers. The job creation scheme shall be completed by 2009. At the moment, Commerzbank employs 25,304 people in Germany.
On 30 May 2007, Commerzbank announced that in 2007 300 jobs will be created by introducing new opening hours at branches. By the end of the year 2007, 250 branches will open on Saturdays, the company says.
Sources
1 June 2007: Financial Times Deutschland
11 November 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Commerzbank, Business expansion in Germany, factsheet number 64449, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64449.
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