Baden-Württemberg: L-Bank presses on the cost brake

Karlsruhe (dpa / lsw) - The state-owned L-Bank wants to save and also cut jobs.

Baden-Württemberg: L-Bank presses on the cost brake

Karlsruhe (dpa / lsw) - The state-owned L-Bank wants to save and also cut jobs. "At the beginning of the year we started a modernization and efficiency program that L-Bank has never seen before," CEO Edith Weymayr told the "Stuttgarter Zeitung" and the "Stuttgarter Nachrichten" (Thursday). The measures have now been coordinated with the supervisory board and employee representatives. From 2025 onwards, the L-Bank wants to reduce the costs by around 190 million euros annually by 21 million euros. The number of employees should also decrease. "Now about 100 employees will go out of the current 1400 heads," said Weymayr. Her own contract is to be extended until 2027, she announced.

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