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 64.19 - Other monetary intermediation
330 jobs Number of planned job losses
Announcement Date
28 May 2013
Employment effect (start)
29 May 2013
Foreseen end date
31 December 2014
Description
German bank Sal. Oppenheim will cut 330 jobs by the end of 2014 in the frame of an internal restructuring.Since Deutsche Bank acquired the former private bank, the mother company aims to reduce double structures. Sites in Bielefeld (North Rhine-Westfalia), Hannover (Lower Saxony), Bremen and Stuttgart (Baden-Württemberg) will be closed. The bank aims to avoid forced redundancies. See also Sal. Oppenheim2010.
Sources
28 May 2013: Sal. Oppenheim (Press release)
29 May 2013: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2013), Sal. Oppenheim, Internal restructuring in Germany, factsheet number 75447, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75447.
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