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 64.99 - Other financial service activities, except insurance and pension funding n.e.c.
175 jobs Number of planned job losses
Announcement Date
2 August 2013
Employment effect (start)
15 August 2013
Foreseen end date
31 December 2013
Description
The German group Deutsche Bank is implementing a restructuring of its luxembourgish subisdiaries that will affect 175 positons (23% of its workforce).
In the framework of this cost saving plan, the group will cut 104 positions out of a total of 157 by Deutsche Postbank International SA; 33 positions out of a total of 300 employees by Deutsche Bank Luxembourg; 26 positions out of a total of 166 by Oppenheim Luxembourg and 12 positions out of a total of 137 by DWS Investment SA.
The management and the unions OGBL/SBA, ALEBA and LCGB-SESF reached an agreement on the content of the social plan on the 10 September.
Sources
2 August 2013: Le Quotidien
Citation
Eurofound (2013), Deutsche Bank, Internal restructuring in Luxembourg, factsheet number 75855, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75855.
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