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.
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.
Eurofound (2013), Raiffeisen Reutte, Internal restructuring in Austria, factsheet number 76223, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76223.