Massive Lay Offs at Hypo Group

People ♦ Published: November 30, 2010; 11:10 ♦ (Vindobona)

The still ailing Carinthian bank restructures the leasing division. 500 jobs are being cut.

Massive Lay Offs at Hypo Group / Picture: © Hypo SüdLeasing

As part of the restructuring process of the Hypo Group Alpe Adria, a large-scale restructuring of the leasing area is being undertaken. Leasing Holding GmbH has a new executive board. Currently, Gottwald Kranebitter, the Chairman of the Board of Leasing Holding, operating with 13 domestic and foreign subsidiaries, still is the CEO of the group.

Leasing is considered as a…