German Savings Banks Association

Type
Internal restructuring
Country
Germany
Region
Berlin; Berlin; Berlin
Location of affected unit(s)
Berlin
Sector
Other Services
94 - Activities of membership organisations
94.1 - Activities of business, employers and professional membership organisations
94.11 - Activities of business and employers membership organisations
37 jobs
Number of planned job losses
Job loss
Announcement Date
15 March 2011
Employment effect (start)
15 March 2011
Foreseen end date
31 December 2011

Description

On 15 March 2011, the German Savings Banks Association announced to cut 10% of 370 jobs. The job cuts are part of a reorganisation of the department structure of the association's headquarters in Berlin.

Sources

  • 16 March 2011: Financial Times Deutschland

Citation

Eurofound (2011), German Savings Banks Association, Internal restructuring in Germany, factsheet number 71757, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71757.