Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

100 jobs
Number of planned job losses
Job loss
Announcement Date
20 October 2012
Employment effect (start)
20 October 2012
Foreseen end date

Description

As announced on October 19, 2012 German bank DZ Bank will cut 100 jobs in its capital market section. This is due to a profit setback.

DZ Bank employs 1,000 people in its capital market section. 


Sources

  • 20 October 2012: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2012), DZ Bank, Internal restructuring in Germany, factsheet number 74369, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74369.