Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

800 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
10 November 2020
Employment effect (start)
10 November 2020
Foreseen end date
4 December 2020


The National Bank of Greece has announced a new plan of  voluntary redundancies. Applications start  from 10 November 2020 and  finish on 04 December. The plan provides for the compensation  of  €20.000 up to €150.000 to workers who  exit. Alternatively, the employees can choose to take  a long-term paid  leave with social insurance, from  two up to five years,  at the end of which their  job contract will be terminated with some severance compensation. The plan targets the exit  of 1,000 employees having   7 to  30  years  minimum work experience in the bank.



Eurofound (2020), National Bank of Greece, Internal restructuring in Greece, factsheet number 102502, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102502.