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

330 jobs
Number of planned job losses
Job loss
Announcement Date
28 May 2013
Employment effect (start)
29 May 2013
Foreseen end date
31 December 2014

Description

German bank Sal. Oppenheim will cut 330 jobs by the end of 2014 in the frame of an internal restructuring.Since Deutsche Bank acquired the former private bank, the mother company aims to reduce double structures. Sites in Bielefeld (North Rhine-Westfalia), Hannover (Lower Saxony), Bremen and Stuttgart (Baden-W├╝rttemberg) will be closed. The bank aims to avoid forced redundancies. See also Sal. Oppenheim2010.


Sources

  • 28 May 2013: Sal. Oppenheim (Press release)
  • 29 May 2013: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2013), Sal. Oppenheim, Internal restructuring in Germany, factsheet number 75447, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75447.