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
6,000 jobs Number of planned job losses
Announcement Date
3 June 2005
Employment effect (start)
30 June 2006
Foreseen end date
31 December 2008
Description
The merger of Bank Pekao and BPH is set to create the country's biggest lender, with assets of 110 billion zlotys, or nearly a quarter of all Polish banking assets, and a leading position in most market segments.
Analysts say as many as 6,000 jobs could go during the biggest consolidation ever in the Polish banking market.
Sources
3 June 2005: Rzeczpospolita
27 June 2005: Gazeta Wyborcza
6 June 2005: Gazeta Wyborcza
Citation
Eurofound (2005), Pekao and BPH, Merger/Acquisition in Poland, factsheet number 61731, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61731.
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