Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

200 jobs
Number of planned job losses
Job loss
Announcement Date
19 March 2017
Employment effect (start)
19 March 2017
Foreseen end date
19 March 2022


On 19 March 2017, Swedish bank SEB announced to cut about 200 out of 500 jobs in Germany by 2022. The financial service provider  already cut a total of 200 jobs since 2016.

The job cuts form part of a restructuring programme which aims to strengthen the company's activities in corporate financing and the infrastructure business. Further business parts like the capital market operations, the deposit business and bonds will be cut back or given up entirely.

Branches in Dusseldorf and Hamburg have been closed already. The company however has no plans for leaving the German market completely.

The SEB Group currently employs about 16,000 employees across 20 countries worldwide.  


  • 19 March 2017: Reuters
  • 19 April 2017: Handelsblatt


Eurofound (2017), SEB Deutschland, Internal restructuring in Germany, factsheet number 90695, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90695.