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.
On 21 July 2017, German savings bank Sparkasse Oberland announced it will cut 50 full time positions within the next five years. The job cuts will be implemented in a socially acceptable manner such as natural fluctuation, partial retirement and retirement. The management confirmed it would avoid direct dismissals.
Mainly affected will be the sites in Weilheim, Schongau, Penzberg, Peißenberg and Murnau.
Sparkasse Oberland was created by the merger of Kreissparkasse Schongau and Vereinigten Sparkassen Weilheim in 2016.
As of July 2017, Sparkasse Oberland employs 500 members of staff, of which 385 are in full time positions.
Eurofound (2017), Sparkasse Oberland, Internal restructuring in Germany, factsheet number 91660, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91660.