Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

200 - 250 jobs
Number of planned job losses
Job loss
Announcement Date
5 January 2021
Employment effect (start)
Foreseen end date
30 June 2021


Komerční banka (KB), the third largest bank in the Czech Republic, will reduce the number of employees by approximately 3.5%, i.e. by about 250 people, during the first half of 2021. Restructuring measures are taken in the context of continuing pandemic situation and its significant negative impact on economic activity.More than two thirds of redundancies will be implemented at the head office. It is expected that about 20% of employees from cancelled positions will find another placement in the bank. In accordance with applicable labour regulations, KB's trade union has been informed on the staff restructuring plan. Komerční banka is part of the Société Générale group and currently has 7,200 staff. 



Eurofound (2021), Komerční banka (KB), Internal restructuring in Czechia, factsheet number 102958, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102958.