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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.1 - Monetary intermediation
200 jobs Number of planned job losses
Announcement Date
8 February 2012
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2014
Description
IKB Deutsche Industriebank, a German financial service provider for small and medium enterprises, is reported to cut 200 out of 1,130 posts between 2012 and 2014. This is reported by the German Newspaper Handelsblatt.
Since 2007, when IKB was saved by public subsidies, the bank has cut about a quarter of all positions. The bank is now held by a private equity company Lone Star which aims at selling it.
Sources
8 February 2012: Handelsblatt
Citation
Eurofound (2012), IKB Deutsche Industriebank, Internal restructuring in Germany, factsheet number 73059, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73059.
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