Bank Austria: Drastic Job Cut

Published: November 28, 2013; 19:00 · (Vindobona)

The austerity measures at Bank Austria take form. CEO Willibald Cernko refers to the bank taxes.

Bank Austria: Drastic Job Cut / Picture: © Uni Credit Group Bank Austria

Bank Austria wants to lower costs by € 130m per year. At the moment, Bank Austria employs 9,900 employees. According to Cernko, Bank Austria wants to push the number of employees below 9,000 until 2015. In 2010, Bank Austria had 10,800 employees.

However, Bank Austria´s management underlined that nobody will lose the job. “Above all, we will solve the cost issue with…

This article includes a total of 494 words.

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