Deutsche Bank AG is moving more than half of all positions out of Ireland as the German bank seeks to cut costs.The lender is shifting almost 250 roles in Dublin “to other centers around the world,” it said in a statement on Tuesday. However, it will add 35 front office jobs to expand the corporate banking team in Ireland’s capital, ultimately leading to a workforce of about 200 employees there.
Daniel Roland/AFP/Getty Images
“We understand that the proposed plan will cause uncertainty and concern to impacted colleagues, and we are committed to supporting them through the consultation process,” Ireland country head Mary Campbell said. “Dublin will continue to be an important center for the bank.”
The cost reductions are part of a four-year turnaround strategy unveiled by Chief Executive Officer Christian Sewing in mid-2019. The plan includes eliminating 18,000 positions across the bank.
Deutsche Bank had 408 employees in Ireland at the end of 2020, according to its latest annual report. The lender generated 27 million euros of revenue in the country and made a pretax profit of 1 million euro.
By Steven Arons — Bloomberg Mercury
Deutsche Bank AG is moving more than half of all positions out of Ireland as the German bank seeks to cut costs.The lender is shifting almost 250 roles in Dublin “to other centers around the world,” it said in a statement on Tuesday. However, it will add 35 front office jobs to expand the corporate banking team in Ireland’s capital, ultimately leading to a workforce of about 200 employees there.
Daniel Roland/AFP/Getty Images
“We understand that the proposed plan will cause uncertainty and concern to impacted colleagues, and we are committed to supporting them through the consultation process,” Ireland country head Mary Campbell said. “Dublin will continue to be an important center for the bank.”
The cost reductions are part of a four-year turnaround strategy unveiled by Chief Executive Officer Christian Sewing in mid-2019. The plan includes eliminating 18,000 positions across the bank.
Deutsche Bank had 408 employees in Ireland at the end of 2020, according to its latest annual report. The lender generated 27 million euros of revenue in the country and made a pretax profit of 1 million euro.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
__cfruid
session
Cloudflare sets this cookie to identify trusted web traffic.
__RequestVerificationToken
session
This cookie is set by web application built in ASP.NET MVC Technologies. This is an anti-forgery cookie used for preventing cross site request forgery attacks.
_abck
1 year
This cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions.
34f6831605
session
General purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bf
session
General purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
ak_bmsc
2 hours
This cookie is used by Akamai to optimize site security by distinguishing between humans and bots
ARRAffinity
session
ARRAffinity cookie is set by Azure app service, and allows the service to choose the right instance established by a user to deliver subsequent requests made by that user.
ARRAffinitySameSite
session
This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session.
AWSELB
session
Associated with Amazon Web Services and created by Elastic Load Balancing, AWSELB cookie is used to manage sticky sessions across production servers.
bm_sz
4 hours
This cookie is set by the provider Akamai Bot Manager. This cookie is used to manage the interaction with the online bots. It also helps in fraud preventions
cf_ob_info
past
The cf_ob_info cookie is set by Cloudflare to provide information on HTTP Status Code returned by the origin web server, the Ray ID of the original failed request and the data center serving the traffic.
cf_use_ob
past
Cloudflare sets this cookie to improve page load times and to disallow any security restrictions based on the visitor's IP address.
CONCRETE5
session
This cookie is set by the provider Concrete5 web content management system. This is a necessary cookie used for maintaining the user session between pages.
connect.sid
1 month
This cookie is used for authentication and for secure log-in. It registers the log-in information.
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookiesession1
1 year
This cookie is set by the Fortinet firewall. This cookie is used for protecting the website from abuse.
crmcsr
session
General purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
ep201
30 minutes
This cookie is set by Wufoo for load balancing, site traffic and preventing site abuse.
JSESSIONID
session
The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKEN
session
Cloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
PHPSESSID
session
This cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
sxa_site
session
This cookie is used to identify the webiste visitor's session state across page requests on server.
ts
3 years
PayPal sets this cookie to enable secure transactions through PayPal.
ts_c
3 years
PayPal sets this cookie to make safe payments through PayPal.
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
wordpress_test_cookie
session
This cookie is used to check if the cookies are enabled on the users' browser.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
_zcsr_tmp
session
Zoho sets this cookie for the login function on the website.
663a60c55d
session
This cookie is related to Zoho (Customer Service) Chatbox
bcookie
2 years
LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie
2 years
LinkedIn sets this cookie to store performed actions on the website.
e188bc05fe
session
This cookie is set in relation to Zoho Campaigns
geo
session
This cookie is used for identifying the geographical location by country of the user.
iamcsr
session
Zoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
lang
session
LinkedIn sets this cookie to remember a user's language setting.
language
session
This cookie is used to store the language preference of the user.
lidc
1 day
LinkedIn sets the lidc cookie to facilitate data center selection.
optimizelyEndUserId
1 year
Optimizely uses this cookie to store a visitor's unique identifier which is a combination of a timestamp and a random number. Different variations of web parts are shown to users that optimizes the website's user experience.
tableau_locale
session
Tableau uses this cookie to determine the preferred language and country-setting of the visitor - This allows the website to show content most relevant to that region and language.
UserMatchHistory
1 month
LinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Cookie
Duration
Description
AWSELBCORS
20 minutes
This cookie is used by Elastic Load Balancing from Amazon Web Services to effectively balance load on the servers.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
__gads
1 year 24 days
The __gads cookie, set by Google, is stored under DoubleClick domain and tracks the number of times users see an advert, measures the success of the campaign and calculates its revenue. This cookie can only be read from the domain they are set on and will not track any data while browsing through other sites.
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gcl_au
3 months
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
_gid
1 day
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
ajs_anonymous_id
never
This cookie is set by Segment to count the number of people who visit a certain site by tracking if they have visited before.
ajs_group_id
never
This cookie is set by Segment to track visitor usage and events within the website.
ajs_user_id
never
This cookie is set by Segment to help track visitor usage, events, target marketing, and also measure application performance and stability.
browser_id
5 years
This cookie is used for identifying the visitor browser on re-visit to the website.
CONSENT
2 years
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
sid
1 year
The sid cookie contains digitally signed and encrypted records of a user’s Google account ID and most recent sign-in time.
uid
1 year
This is a Google UserID cookie that tracks users across various website segments.
vuid
2 years
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
WMF-Last-Access
1 month 21 hours 5 minutes
This cookie is used to calculate unique devices accessing the website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Cookie
Duration
Description
_dc_gtm_UA-1038974-4
1 minute
Used to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp
3 months
This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
_pxhd
past
Used by Zoominfo to enhance customer data.
fr
3 months
Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
IDE
1 year 24 days
Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
test_cookie
15 minutes
The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE
5 months 27 days
A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC
session
YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-id
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextId
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requests
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
This cookie is set by the provider New York Times. This cookie is used for saving the user preferences. It is used in context with video and audio content.
