Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

75 jobs
Number of planned job losses
Job loss
Announcement Date
9 August 2006
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2008


On 9 August 2006 the German banking company Allgemeine Hypothekenbank Rheinboden (AHBR), a specialist of residential and commercial real estate projects, announced its plans to cut a third of its staff until the end of 2008. This means the cut of about 75 jobs out of a current 225. Most of the jobs will be shed in 2006. Even though AHBR is located in Frankfurt, other units may be affected too. In 2005, AHBR, a former subsidiary of the German holding BGAG, was acquired by US-based private equity investor Lone Star. The job cuts follow a decision by Lone Star to concentrate AHBR's business on commercial real estate projects.


  • 10 August 2006: Financial Times Deutschland


Eurofound (2006), AHBR Allgemeine Hypothekenbank Rheinboden, Merger/Acquisition in Germany, factsheet number 63899, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63899.