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

100 jobs
Number of planned job losses
Job loss
Announcement Date
24 April 2017
Employment effect (start)
24 April 2017
Foreseen end date
31 December 2018


Raiffeisenlandesbank Lower Austria and Vienna, RLB NÖ-Wien, is cutting 100 jobs by the end of 2018 reportedly due to net losses of €64 millionen in 2016.

The bank has announced restructuring measures aiming to reduce staff from currently 1,100 to below 1,000. The write-downs of investments in the Raiffeisen Zentralbank (RZB) holding are given as reason for RLB NÖ-Wien's negative performance. Restructuring measures do not only include job cuts but also a reduction of trade in securities and a stronger focus on customer business.

The company has already agreed on a social plan for affected employees with the works council. According to newspapers, especially older employees are among those made redundant.


  • 24 April 2017: Der Standard
  • 26 April 2017: Die Presse
  • 26 April 2017: orf online


Eurofound (2017), Raiffeisenlandesbank Niederösterreich-Wien, Internal restructuring in Austria, factsheet number 90959, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90959.