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
247 jobs Number of planned job creations
Announcement Date
24 March 2010
Employment effect (start)
24 March 2010
Foreseen end date
31 December 2013
Description
Deutsche Boerse, the largest European exchange organization, is to create about 247 new jobs in Prague due to the company's decision to relocate around two-third of 370 positions, particularly in Frankfurt and Luxemburg, to Prague by 2013 (see related fact sheet No 15280). The restructuring measure is part of a cost saving plan of 50 million Euro and motivated by the need to increase efficiency. The company intends to save another 100 million Euro per year up to a total 150 million Euro in 2013.
Sources
24 March 2010: Patria Online
Citation
Eurofound (2010), Deutsche Boerse, Business expansion in Czechia, factsheet number 70459, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70459.
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