Landesbank Berlin (LBB)

Type
Internal restructuring
Country
Germany
Region
Berlin; Berlin; Berlin
Location of affected unit(s)
Berlin
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
900 jobs
Number of planned job losses
Job loss
Announcement Date
14 June 2013
Employment effect (start)
31 December 2013
Foreseen end date
31 December 2017

Description

Landesbank Berlin (LBB), the bank of the city state Berlin, is to be transformed into a regional savings bank. The restructuring will involve the loss of 900 jobs over the next three years. In 2012 the LBB had 5,700 employees.

Sources

  • 14 June 2013: Handelsblatt

Citation

Eurofound (2013), Landesbank Berlin (LBB), Internal restructuring in Germany, factsheet number 75525, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75525.