Germany’s second-largest online bank lays off 700 employees

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By Pinang Driod

Online bank DKB plans to cut up to 700 jobs, reportsHandelsblad“. DKB is a subsidiary of BayernLB.

“600 to 700 would be the number we expect from today,” BayernLB boss Stephan Winkelmeier explained at a press conference in Munich. This is the first job loss of this magnitude at DKB. It is scheduled to be completed by the end of 2025.

DKB wants to reduce costs by cutting jobs

The restructuring program is a response to rising costs and expected salary increases in the current collective bargaining round, Winkelmeier explains. The DKB Group currently has around 5,000 employees. The new DKB boss Sven Deglow, who succeeded Stefan Unterlandstättner, is primarily intended to strengthen the bank’s securities business.

DKB, Germany’s largest online bank after ING, is posting solid growth in the private and business customer segments. Despite job losses, the bank is investing in modernizing its IT. According to Handelsblatt, DKB posted a pre-tax profit of one billion euros last year and expects a similar result this year.

DKB customers fall victim to phishing emails

Meanwhile, DKB customers have recently been targeted by phishing emails again, reports “Watson“. DKB customers who receive an email with the subject “Attention, action required Ref ID: >any number here<” in their mailbox should therefore be careful.

The focus is on an online bank account that has been deactivated for security reasons. What the criminals do here is typical of phishing messages. They present DKB customers with a supposed evil to get them to take action.

The email contains a button that says “go to the customer area”. The Consumer Advice Centre warns: “Criminals are trying to get your sensitive data by clicking on it.” The dubious sender address and the request to release your data in an email indicate that this is a phishing email.



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