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

85 - 103 jobs
Number of planned job losses
Job loss
Announcement Date
4 November 2013
Employment effect (start)
4 November 2013
Foreseen end date


Raiffeisen Informatik, IT subsidiary of Raiffeisenbank, is to make up to 103 of its 850 employees redundant. This is due to a harmonisation of IT systems within the group.

At the end of October 2013, the first 68 employees were registered for termination with the Public Employment Service's (AMS) early warning registration system. In the following days, it was announced that in addition, the contracts of some 15 holders of a 'contract of work' (Werkvertrag), i.e. formally self-employed workers, who are nonetheless economically dependent, have not been extended. A further 15 to 20 will follow within the next weeks and months.

The union has criticised that half of the 68 workers registered with the AMS are over the age of 50.

Since 2011, Raiffeisen group has implemented several cost cutting programmes: Raiffeisenbank Reutte (2013), Raiffeisen Zentralbank (2013), Raiffeisen Bank International (2012), Raiffeisen Leasing (2011).


  • 7 November 2013: Der Standard
  • 5 November 2013: Der Standard
  • 4 November 2013: Der Standard


Eurofound (2013), Raiffeisen Informatik, Internal restructuring in Austria, factsheet number 76222, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76222.