DKB Plans Job Cuts and Cost Reduction to Maintain Stability

By
Ernst Müller
1 min read

The BayernLB subsidiary DKB aims to reduce costs and is considering job cuts despite achieving its best financial results. DKB's CEO, Stefan Unterlandstättner, announced a new efficiency and transformation program targeting a €100 million reduction in annual expenses by 2025. This initiative is designed to maintain administrative expenses at around €800 million in the coming years, despite inherent cost increases. As part of this program, job cuts are expected to reach triple digits according to Unterlandstättner.

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