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

100 jobs
Number of planned job losses
Job loss
Announcement Date
28 March 2017
Employment effect (start)
28 March 2017
Foreseen end date
31 December 2021


On 28 March 2017, financial services provider Evangelische Bank, which specialises on churches, deaconries, health and social businesses, announced to cut about 100 jobs in Germany by 2021. The bank explained that the job cuts were necessary in order for it to stay sustainable. The restructuring will affect the entire internal structure which will be optimised in light of digitalisation.  

A social plan has already been adopted and includes several measures to support the affected employees. These include individual application training, further qualifications as well as arranging jobs within client companies.

At the moment Evangelische Bank employs 480 employees at 14 sites across Germany.  


  • 28 March 2017: Evangelische Bank press release
  • 28 March 2017: Handelsblatt


Eurofound (2017), Evangelische Bank, Internal restructuring in Germany, factsheet number 90698, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90698.