Eurohypo

Type
Closure
Country
Germany
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
350 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2013
Employment effect (start)
Foreseen end date
31 December 2015

Description

Hypothekenbank Frankfurt, the restructured remains of former German Commerzbank's subsidiary Eurohypo, will be closed.

350 full-time positions in Germany and 150 positions globally are going by 2015. Negotiations with the works council are ongoing.  

Sources

  • 31 January 2013: Süddeutsche Zeitung

Citation

Eurofound (2013), Eurohypo, Closure in Germany, factsheet number 74859, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74859.