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 / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
200 jobs Number of planned job losses
Announcement Date
2 October 2025
Employment effect (start)
2 October 2025
Foreseen end date
13 October 2025
Description
Piraeus Bank has announced a new voluntary redundancy scheme for employees as part of its workforce renewal, taking into account the operational needs of individual units.
Employees who will have completed six years of continuous service with the Group by 31 December 2025 are eligible to participate. The scheme offers either immediate departure or departure following a period of long-term leave, includes seven years of medical and pharmaceutical coverage, and provides access to career transition (outplacement) services. The maximum severance payment is up to €220,000.
Applications will be accepted from 2 October 2025 through 13 October 2025. The plan aims for approximately 200 voluntary exits
Eurofound (2025), Piraeus Bank, Internal restructuring in Greece, factsheet number 203443, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203443.
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