Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
NA
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

390 jobs
Number of planned job losses
Job loss
Announcement Date
1 April 2008
Employment effect (start)
Foreseen end date
31 December 2008

Description

Citigroup, the majority shareholder in Bank Handlowy, announced on 31 March 2008 a change in the organisational structure of Bank Handlowy, leading to the loss of 390 jobs across the country by the end of the year. The retail customer service is to be divided into retain banking and credit cards segments.


Sources

Citation

Eurofound (2008), Bank Handlowy, Internal restructuring in Poland, factsheet number 66463, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66463.