Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.9 - Other Financial Service Activities, Except Insurance And Pension Funding

800 jobs
Number of planned job losses
Job loss
Announcement Date
13 December 2023
Employment effect (start)
1 January 2024
Foreseen end date
31 December 2026

Description

BNP Paribas Bank Polska S.A., which provides universal banking services, will terminate contracts with up to 800 employees. The reasons for the reduction in the workforce were not given. On 13 December 2023, an agreement was concluded with the trade unions operating in the Bank on the principles of conducting group layoffs; the agreement includes, among others, the criteria for selecting employees whose employment contracts will be terminated as part of group layoffs, the terms and conditions of employees' participation in the voluntary redundancy programme and the benefits to which employees covered by group layoffs will be entitled. The redundancies will be carried out from 1 January 2024 to 31 December 2026.

BNP Paribas Bank Polska SA is a universal bank headquartered in Warsaw, operating under this name since 2011, listed on the Warsaw Stock Exchange and part of the BNP Paribas international banking group.


Sources

Citation

Eurofound (2023), BNP Paribas, Internal restructuring in Poland, factsheet number 200644, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200644.