Frankfurt am Main, Kreisfreie Stadt; Darmstadt; Hessen
Location of affected unit(s):
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
First restructuring plan of 900 employees and then 3400 other job cuts. On 2002-09, announcement of further dismissals, but no figures are yet available.
On November, announcement of 450 new dismissals at the Investment banking branch.
On March 2003, announcement of a new cost cutting plan, 3000 other jobs could be suppressed.
01-04-2003Financial Times Deutschland