Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Russia, Czech Republic
Sector
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
Job loss
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: Hospod├írske 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.