Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation

100 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2025
Employment effect (start)
23 October 2025
Foreseen end date
1 January 2029

Description

As announced on 23 October 2025, Germany's public development bank KfW plans to cut 100 jobs in its development finance institution division by 2029. This would represent 10% of the approximately 1,000 positions in that area. The development finance institution implements projects in developing and emerging countries on behalf of the federal government.

KfW cites declining public funding for development cooperation as the reason for the job cuts. The bank aims to become more efficient, introducing a new organisational structure, simplifying and digitalising processes.

According to KfW, there will be no compulsory redundancies; the reduction is intended to be socially responsible and carried out through natural attrition.


Sources

Citation

Eurofound (2025), KfW, Internal restructuring in Germany, factsheet number 203565, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203565.