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
40 jobs Number of planned job losses
Announcement Date
17 February 2014
Employment effect (start)
17 February 2014
Foreseen end date
Description
Spanish Santander Bank plans to cut 40 of its 400 jobs in Austria. According to the bank, the job cuts are due to changing customer demands and upheavals in the banking sector. A social plan will be available for those affected by the job cuts.
Santander employs most of its 400 staff in call centres in Vienna and Eisenstadt. The bank concentrates on car financing, which has not been as successful in recent times, and product financing, which is more successful, according to the sources.
Sources
Citation
Eurofound (2014), Santander, Internal restructuring in Austria, factsheet number 76676, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76676.
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