at 31 December 2017, the number of employees at LBBW fell to 10 326 (previous year: 10 839),
also due to the adjustments to its strategic alignment. The staff fluctuation rate based on the
Confederation of German Employers' Association's (BDA) formula rose to 7.4 % for LBBW (Bank) in
2017, up from 4.6 % in the previous year. Adjusted for restructuring-related early retirement and
severance agreements (3.5 %), the rate at 3.9 % slightly exceeded the previous year's figure at
LBBW (Bank).
At 44.8 years, the average age of employees at LBBW (Bank) in the year under review increased
slightly over the previous year (44.2 years). The average length of service also increased marginally
to 18.9 years, a slight rise for the Bank (previous year: 18.3 years). The proportion of female
employees, in contrast, remained nearly unchanged in 2017 at 52.6 %. The proportion of part-time
employment contracts, including reduced working hours due to partial retirement, in turn rose at
LBBW from 26.9 % to 29.1 %.