German savings banks need 100,000 new employees within the next ten years. Banks around the world have announced job cuts.
Together with the retirement of the baby boomers, there is a massive gap in skilled workers. Savings banks want to be more attractive to new employees. They want to train more. More skilled workers from outside Germany are needed. And finally, the savings banks have also turned their attention abroad, the International Monetary Fund confirmed. The transformation of the German economy must help to cushion demographic change.