RZB Faces Severe Restructuring Measures

People ♦ Published: December 4, 2013; 15:55 ♦ (Vindobona)

The Raiffeisen Zentralbank (RZB) is facing severe restructuring and downsizing measures as it has to cut the number of employees.

RZB Faces Severe Restructuring Measures / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

“If there is less growth in business the growth in costs has to decline,” Walter Rothensteiner, general manager of RZB, told daily “Presse” (Wednesday issue) in an interview. According to him there was a need in restructuring. However, he did not see the need in a complete change.

According to Rothensteiner around 60,000 members of staff are currently employed at RZB.…

or Log In

Fast News Search
Related News
Bond Swap at Raiffeisen (December 2, 2013)
RBI: Fresh Money for Slovenian Subsidiary (November 21, 2013)
Nowotny: Economic Recovery not as Strong as Expected (November 18, 2013)
Cernko: Bank Shops in Austria Have to Be Reduced (October 30, 2013)
Austrian Banks Expected to Pass Auditing (October 23, 2013)
Read More
Slovenia, Hungary, CESEE, Banking Industry, Walter Rothensteiner, Leaders, RZB Raiffeisen Zentralbank, Labor Market, Labor Market Policy, Restructuring
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter