Slovenská sporitelna

Type
Internal restructuring
Country
Slovakia
Region
Slovensko;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
250 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
10 July 2020
Employment effect (start)
10 July 2020
Foreseen end date
31 December 2020

Description

Slovenska Sporitelna (SLSP), the largest Slovak bank, plans to dismiss about 10% of its workforce gradually, by the end of 2021. Around 400 out of almost 4,100 workers (at the end of 2019), are affected by the restructuring programme. Workforce reduction will concern mainly jobs in the headquarters. About 250 workers will be dismissed in 2020 and a further 150 in 2021. The restructuring is due to digitalisation and rationalisation of bank services. SLSP launched the process of digital transformation around two years ago, and the situation with the coronavirus pandemic has speeded up this process, said a bank representative.

Sources

Citation

Eurofound (2020), Slovenská sporitelna, Internal restructuring in Slovakia, factsheet number 101312, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101312.