EMCC European Monitoring Centre on Change

DZ Bank

Company/Organisation:
DZ Bank

Geographic Location

Country: Germany

Company

Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation
Number Employed: 1000
Group: Volksbanken Raiffeisenbanken

Employment Effects

Announcement Date: 20-10-2012
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 20-10-2012
Direct Dismissals: 100

Additional Information

As announced on October 19, 2012 German bank DZ Bank will cut 100 jobs in its capital market section. This is due to a profit setback.

DZ Bank employs 1,000 people in its capital market section.