Deutsche Bank To Restructure Ireland Operations; To Reduce Contractor Workforce - Quick Facts

Deutsche Bank AG (DB) announced Tuesday the proposed changes to its Ireland operations. The German investment bank plans to relocate just under 250 roles from Dublin to other centers around the world as part of its global strategy to consolidate similar infrastructure functions into fewer locations.

Further, the bank will be materially reducing its contractor workforce in Ireland over the course of the year following the natural completion of a number of projects.

This move is also part of a wider strategy by the bank to simplify its operations and reduce costs which was begun in July 2019.

Meanwhile, Deutsche Bank said it is committed to supporting its Irish corporate, institutional and private wealth clients in the region and to maintaining a significant presence in Ireland.

Dublin will continue to be a major center for Deutsche Bank's Corporate Bank business, which will be adding about 35 front office roles over the summer to build up its Corporate Bank franchise.

Deutsche Bank has had offices in Ireland since 1991. The proposed changes will not impact the service provided to the bank's clients.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
Follow RTT