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
100 jobs Number of planned job creations
Announcement Date
9 April 2024
Employment effect (start)
9 April 2024
Foreseen end date
31 December 2024
Description
Salt Bank, a Romanian digital financial institution announced its intention to hire 100 persons by the end of 2024. The new jobs are in the area of technology and customer support.
The company is the first fully digital bank in Romania, which was officially launched on April 4. It emerged after Banca Transilvania bought Idea Bank and put the financial institution through a major reconfiguration process. Idea::Bank is the third bank bought by Banca Transilvania, after Volksbank and Bancpost. After acquiring Idea::Bank, Banca Transilvania also acquired OTP Bank Romania.
Currently, the company has a workforce of 200 persons.
Eurofound (2024), Salt Bank, Business expansion in Romania, factsheet number 201041, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201041.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
