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
568 jobs Number of planned job losses
Announcement Date
12 January 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
GE Capital Bank and GE Bank Mieszkaniowy merged, creating GE Money Bank. This merger is a result of General Electric global strategy that links companies operating on the same market and having similar or complementary profiles. Following this announcement, 568 employees are to lose their job before the end of 2005.
Sources
12 January 2005: Rzeczpospolita
Citation
Eurofound (2005), GE Money Bank, Merger/Acquisition in Poland, factsheet number 61022, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61022.
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