EMCC European Monitoring Centre on Change

Deutsche Bank

Company/Organisation:
Deutsche Bank

Geographic Location

Country: World

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed: 75000
Group: Deutsche Bank Group

Employment Effects

Announcement Date: 28-07-2003
Planned Job Reductions min: 5500
Planned Job Reductions max: 5500
Type of Restructuring: Outsourcing

Additional Information

Deutsche Bank is outsourcing some services, such as Information Technology among others. The measure affects 5,500 employees. If the operation continues the total number of employees would be less than 70,000 world-wide.