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 64.1 - Monetary intermediation
800 jobs Number of planned job losses
Announcement Date
25 November 2020
Employment effect (start)
1 February 2021
Foreseen end date
31 December 2023
Description
Polish bank BNP Paribas Bank Polska announced that it will cut up to 800 jobs throughout a collective dismissal programme. The job cuts will be implemented from 2021 through 2023 and affect the bank’s head office and sales network across the country. The bank will negotiate the conditions of the programme with the local trade unions. The reduction is due to changes in the market and technological developments in the banking sector related to digitalisation, the bank's management explained.
BNP Paribas Bank Polska, the seventh-largest lender in Poland, is a part of BNP Paribas, a French international banking group. Previous restructuring programme was announced in October 2018 ( 2,200 jobs cut).
Eurofound (2020), BNP Paribas Bank Polska, Internal restructuring in Poland, factsheet number 102726, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102726.
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