The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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
Announcement Date
10 November 2020
Employment effect (start)
10 November 2020
Foreseen end date
4 December 2020
Description
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.
Sources
11 November 2020: efsyn.gr/oikonomia (www.efsyn.gr)
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.
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