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 64.1 - Monetary intermediation
100 jobs Number of planned job losses
Announcement Date
22 January 2016
Employment effect (start)
22 January 2016
Foreseen end date
31 December 2020
Description
Sparkasse, a German savings bank, announced to cut 100 out of 1,300 jobs at regional level within the next five years. The savings bank wants to merge its subsidiaries in Ingolstadt, Eichstätt and Pfaffenhofen. According to Sparkasse's management, the company wants to become more competitive. The savings bank is currently negotiating with the District Administrator and the mayors of the affected cities. In total, Sparkasse employs approximately 240,100 employees.
Sources
22 January 2016: BR online
Citation
Eurofound (2016), Sparkasse, Internal restructuring in Germany, factsheet number 86261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86261.
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