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.
UniCredit, an Italian banking group in the financial sector, has announced plans to cut between 300 and 400 IT jobs in Germany within a separate IT services UniCredit operating across several locations in Germany.
The restructuring is expected to take place gradually until the end of 2027, primarily affecting positions currently concentrated in Munich. Some roles may partially be relocated to Romania in efforts to reduce costs and create a more integrated and unified operational structure.
The job reductions will be implemented in a socially responsible manner in close coordination with the works council.
Trade unions and employee representatives have expressed concerns more broadly about potential future job cuts, particularly in relation to UniCredit’s interest in acquiring Commerzbank.
UniCredit is a major Milan-based banking group with a strong presence in Germany through HypoVereinsbank, employing more than 8,000 people in Germany, the majority of whom work for HypoVereinsbank.
Eurofound (2026), UniCredit, Internal restructuring in Germany, factsheet number 204477, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204477.