Erste Bank der oesterreichischen Sparkassen AG

Type
Internal restructuring
Country
Austria
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
270 jobs
Number of planned job losses
Job loss
Announcement Date
18 July 2003
Employment effect (start)
Foreseen end date

Description

To maintain its results in Austria and its independance, the Erste Bank has to restructure to reduce its costs. From 200 to 250 jobs should be suppressed by natural way (retirements, non replaced workers) but some direct dismissals are possible.

Sources

  • 18 July 2003: Der Standard

Citation

Eurofound (2003), Erste Bank der oesterreichischen Sparkassen AG, Internal restructuring in Austria, factsheet number 59206, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59206.