Overview
- The targeted roles belong to a separate group IT services unit across German sites rather than HypoVereinsbank positions.
- Management says the process will be handled in close coordination with the works council and described as socially responsible.
- Media reports indicate parts of the work could be relocated to Romania, with many of the current roles based in Munich.
- HVB’s latest report shows 8,421 full-time equivalents in Germany, down from more than 12,000 five years ago.
- The move unfolds as UniCredit pursues a takeover of Commerzbank, with unions warning of potential broader job impacts.