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 66.11 - Administration of financial markets
80 jobs Number of planned job losses
Announcement Date
16 February 2010
Employment effect (start)
16 February 2010
Foreseen end date
31 December 2011
Description
On 17 March 2010, Deutsche Börse, a group that operates in the financial services sector, reported that it would cut 80 jobs. Affected is the management level below the board-level, comprising a total of 400 jobs. Already on 16 February 2010, Deutsche Börse had annouced in a press release its cost saving programme, which includes cut backs in personnel and non-personnel costs. The company seeks to save a total of 50 million euros. The programme is to be implemented throughout 2010 and 2011. Further information on the locations of the job cuts is currently not available.
Sources
17 March 2010: Financial Times Deutschland
Citation
Eurofound (2010), Deutsche Börse, Internal restructuring in Germany, factsheet number 70298, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70298.
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