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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.1 - Activities auxiliary to financial services, except insurance and pension funding
2,100 jobs Number of planned job losses
Announcement Date
14 November 2008
Employment effect (start)
Foreseen end date
Description
Home Credit, a non-banking consumer credit provider, has announced 2,000 job cuts in Russia and another 100 in the Czech Republic (by the end of November 2008) due to the financial crisis. As of November 2008 there is no further information as to when the job losses will be implemented by.
Home Credit is owned by the PPF international group and it operates in Byelorussia, the Czech Republic, China, Kazakhstan, Slovakia, Russia, Ukraine, and Vietnam.
Sources
14 November 2008: Hospodárske noviny
Citation
Eurofound (2008), Home Credit, Internal restructuring in World, factsheet number 67482, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67482.
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