The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.11 - Administration of financial markets
350 jobs Number of planned job losses
Announcement Date
30 May 2018
Employment effect (start)
30 May 2018
Foreseen end date
31 December 2020
Description
The German stock exchange Deutsche Börse has announced it will cut 350 jobs due to internal restructuring by 2020. This will also affect 50 senior executives. The new head of Deutsche Börse plans to reduce costs by €100 million by 2020 in order to increase the company's growth. At the same time, Deutsche Börse will invest €270 million in new technologies such as blockchain, big-data-analysis, clouds and robotics.
As of June 2018, Deutsche Börse employs about 5,640 people world wide, of which approximately 2,500 work in Germany.
Sources
30 May 2018: Frankfurter Allgemeine Zeitung (online)
30 May 2018: N-TV Online
Citation
Eurofound (2018), Deutsche Börse, Internal restructuring in Germany, factsheet number 94299, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94299.
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