Banca Comerciala Romana

Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Sector
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
2,400 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2007
Employment effect (start)
Foreseen end date
31 March 2008

Description

Andreas Treichl, the representative of Austrian Erste Bank, first stakeholder of the Romanian Commercial Bank (Banca Comerciala Romana, BCR) announced that, in the context of the restructuring process in the next six months, the number of posts will be reduced by 2,400, of which 1,200 as result of externalisation's activities. Dismissed persons may benefit of the “Golden retire” programme and other compensatory payments for early retirement. At present, BCR has 10,600 employees; the market share of the bank in Romania was in 2006 of 26.2%.

For further information, see EIRO report.

Sources

  • 24 September 2007: Ziarul Financiar

Citation

Eurofound (2007), Banca Comerciala Romana, Internal restructuring in Romania, factsheet number 65851, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65851.