Raiffeisen Leasing

Type
Internal restructuring
Country
Austria
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.91 - Financial leasing
80 jobs
Number of planned job losses
Job loss
Announcement Date
27 August 2011
Employment effect (start)
Foreseen end date

Description

Raiffeisen Leasing, a subsidiary of the Raiffeisen banking group, is planning to cut around 80 jobs due to internal restructuring. The company, which currently employs around 350 workers, will dismiss at first instance 40 workers respecting a social plan. Another 40 workers will be relocated to the Raiffeisen Landesbanken, another subsidiary of the group, where they will also be engaged in leasing business. A social plan for 80 workers has been developed, according to a company statement. The step is necessary in order to 'optimise the Raiffeisen Central Bank's group structure'. No information about the concrete timeline of the restructuring process has been announced.

Sources

Citation

Eurofound (2011), Raiffeisen Leasing, Internal restructuring in Austria, factsheet number 72302, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72302.