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 64.92 - Other credit granting
76 jobs Number of planned job losses
Announcement Date
27 October 2017
Employment effect (start)
27 October 2017
Foreseen end date
Description
s Bausparkasse, the Sparkasse and Erste Bank's lending association specialising in financing for housing, registered 76 employees with the early warning system of the public employment service (AMS). According to newspaper reports, the final number of redundancies is still unclear. More than three quarters of affected employees are 55 years or older and the company is offering them flexible pension-schemes for early retirement. This step is part of the internal restructuring process which also include investments in the digitalisation of processes.
Sources
27 October 2017: Kurier
28 October 2017: Die Presse
27 October 2017: OÖ Nachrichten
Citation
Eurofound (2017), Bausparkasse, Internal restructuring in Austria, factsheet number 92389, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92389.
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