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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
175 jobs Number of planned job losses
Announcement Date
26 May 2009
Employment effect (start)
Foreseen end date
Description
German Dekabank, a bank owned by the regional banks of the Lander and by the German saving banks, provides investment funds and capital to saving banks. The bank, which has been criticized for being too strongly involved in the capital market, has been strongly affected by the financial crisis.
According to FTD, Dekabank plans to cut €90 million in personnel costs in 2009 to 2011. 150 job vacancies shall not be filled; an as yet unclear number of temporary agency workers and of employees on fixed-term contract shall lose their jobs. There is no more information on the job cuts.
Sources
Citation
Eurofound (2009), Dekabank, Internal restructuring in Germany, factsheet number 69030, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69030.
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