Landesbank Baden-Würtemberg (LBBW)

Type
Merger/Acquisition
Country
Germany
Region
Baden-Württemberg; Tübingen; Tübingen, Landkreis
Location of affected unit(s)
Baden-Würtemberg
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
800 jobs
Number of planned job losses
Job loss
Announcement Date
27 June 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2005

Description

After the merger of Landesbank Baden-Würtemberg and Baden-Würtembergische Bank, 800 jobs will be cut until the end of 2005. As yet, there have been no details about affected departments or the way the losses shall be managed.

Sources

Citation

Eurofound (2005), Landesbank Baden-Würtemberg (LBBW), Merger/Acquisition in Germany, factsheet number 61992, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61992.