Restructuring events
European Restructuring Monitor (ERM)
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.
Savings-bank Sparkasse Hannover is to cut up to 240 jobs until the end of 2016. A spokesperson announced that this is a maximum figure including 40 part-time positions, and that probably less jobs will be cut.
The bank’s measure is part of a larger cost-saving program. A dismissal protection agreement has just expired, but a renewal is currently negotiated, so that forced redundancies are not to be expected.
Worker representatives asked to implement the job cuts through voluntary departures only.
In total, Sparkasse Hannover employs 2,350 people.
Eurofound (2013), Sparkasse Hannover, Internal restructuring in Germany, factsheet number 76094, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76094.