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
125 jobs Number of planned job creations
Announcement Date
17 September 2019
Employment effect (start)
17 September 2019
Foreseen end date
31 December 2021
Description
Landesbank Baden-Württemberg (LBBW), the financial institution of the German federal state Baden-Würtemberg, will open a number of new branches, creating 125 new positions, in the upcoming two years. The positions will aim to improve customer service. The business has now reconsidered the programme from 2015, which cut more than 200 positions by shifting from face-to-face services to online self-service and support by appointments. The planned job creation will not compensate for the previous job cuts. The financial institution has now a workforce of around 1,200 employees compared to 1,400 in 2015.
Eurofound (2019), Landesbank Baden-Württemberg (LBBW), Business expansion in Germany, factsheet number 99125, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99125.
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