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 - Financial service activities, except insurance and pension funding
150 jobs Number of planned job losses
Announcement Date
19 December 2012
Employment effect (start)
Foreseen end date
Description
As announced in December 2012, Swiss bank Credit Suisse will cut 150 jobs in Germany. This is reported to be due to an organizational reorientation.
In total, Credit Suisse employs 500 people in Germany at 12 branches. The branches in Bielefeld (North Rhine-Westphalia), Braunschweig (Lower Saxony) and either Cologne or Dusseldorf (North Rhine-Westphalia) will be closed. Credit Suisse aims to focus its business on wealth management for affluent customers.
Sources
19 December 2012: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2012), Credit Suisse, Internal restructuring in Germany, factsheet number 74702, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74702.
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