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 Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.11 - Central banking
131 - 260 jobs Number of planned job losses
Announcement Date
26 February 2010
Employment effect (start)
26 February 2010
Foreseen end date
31 December 2010
Description
Postbank, a bank jointly owned by Irish state owned postal company An Post and French bank BNP Paribas, has announced that it is to close by the end of 2010. Postbank employs 260 staff, mainly in a customer contact centre and post offices across the country that provide banking services. Postbank has stated that it hopes a 'significant proportion' of jobs can be saved, but precise details are yet to emerge. The organisation operates banking, savings and investments, and insurance services in almost 1,000 post offices across the country.
Eurofound (2010), Postbank, Closure in Ireland, factsheet number 70252, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70252.
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