PKO BP

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation
3,000 jobs
Number of planned job losses
Job loss
Announcement Date
6 December 2007
Employment effect (start)
Foreseen end date
31 December 2008

Description

PKO BP, the largest Polish retail bank, has announced that it is to cut 3,000 jobs (out of a total of 31100) in 2008. 1,500 employees were already made redundant in 2007. The employment downsizing programme has been negotiated and agreed with the trade unions active within PKO BP.

Sources

  • 6 December 2007: Wirtualny Nowy Przemysł Webside (www.wnp.pl)

Citation

Eurofound (2007), PKO BP, Internal restructuring in Poland, factsheet number 66101, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66101.