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.
Solaris, a German fintech banking company, announced to cut 80 jobs in Germany.
The job losses are set out in a strategic restructuring plan under Solaris' new CEO Steffen Jentsch, announced by the firm in March 2026. The decision is due to Solaris’s stronger focus on automation and artificial intelligence, hence reducing roles that are no longer needed. The restructuring also follows financial challenges.
The company aims to carry out the job cuts in a socially responsible way, including severance payments for affected employees.
Solaris employs around 400 people in Germany. Whether further job cuts will take place will depend on the success of the new strategy.
Eurofound (2026), Solaris, Internal restructuring in Germany, factsheet number 300084, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300084.
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