Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

120 jobs
Number of planned job losses
Job loss
Announcement Date
26 September 2013
Employment effect (start)
26 September 2013
Foreseen end date
31 December 2017


The Raiffeisen Zentralbank RZB, the central bank of the Raiffeisen banking group Austria, is to centralise the activities of eight subsidiaries and therefore shedding at least 120 jobs. This corresponds to 10% of its current workforce. The aim of the restructuring programme is to reduce costs by about €25 million per year. Duplication of activities is to be prevented, e.g. marketing or public relations activities of the subsidiaries are to be transferred to the central RZB. Between 400 and 500 employees will be shifted within the group, starting in July 2014. The 120 jobs that will be lost during this rationalisation programme (which will run until 2017) will take the form of natural attrition.


  • 26 September 2013: Der Standard
  • 26 September 2013: Die Presse


Eurofound (2013), Raiffeisen Zentralbank RZB, Internal restructuring in Austria, factsheet number 75937, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75937.