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 - Financial service activities, except insurance and pension funding
50 jobs Number of planned job losses
Announcement Date
15 November 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 December 2014
Description
Raiffeisenbank Reutte is to shed 50 of its 250 positions in the district Reutte in Tyrol in 2014. Three branches (in Elmen, Heiterwang and Höfen) will be shut down.
This is part of a large restructuring programme. Furthermore, the bank, specialised in private banking, will no longer serve customers with investments lying below EUR 100,000.
Raiffeisenbank Reutte is a subsidiary of the Raiffeisen group. Earlier this year, the group had announced 120 job cuts to be implemented until 2017.
Sources
15 November 2013: Wirtschaftsblatt
Citation
Eurofound (2013), Raiffeisen Reutte, Internal restructuring in Austria, factsheet number 76223, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76223.
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