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
119 jobs Number of planned job losses
Announcement Date
30 August 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
The largest Slovenian-based bank Nova Ljubljanska will cut its workforce to 3,500 employees by the end of 2005, in order to improve productivity and allow for better cost management. NLB has acquired controlling shares in several banking institutions around former Yugoslavia, mainly in Serbia and Montenegro. State-controlled financial groups and Belgian KBC are two major owners of the bank.
No direct dismissals are envisioned in 2005.
Sources
30 August 2005: Finance
Citation
Eurofound (2005), Nova Ljubljanska Banka, Internal restructuring in Slovenia, factsheet number 62159, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62159.
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