Major Job Cut at Hypo Group

Professional ServicesBanks ♦ Published: December 5, 2011; 16:42 ♦ (Vindobona)

A spokesman from the Austrian Hypo Alpe Adria confirmed plans for further layoffs. In the medium run, the bank wants to reduce staff by 500 posts at least.

Major Job Cut at Hypo Group / Picture: © Wikipedia / JJ55 (30 March 2008)

The management of Hypo Group continues its radical restructuring plan. In the leasing sector, the bank will cut 500 jobs. “The concerned persons already know about it. Wherever economization actions are taken, we do it with rationality.” Especially in the real estate and industrial leasing departments, the layoff plans will be implemented. “In those countries where we still have…