Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

1,514 jobs
Number of planned job losses
Job loss
Announcement Date
7 May 2010
Employment effect (start)
10 May 2010
Foreseen end date
30 December 2011


Bank BPH announced it would be making 1514 employees redundant between now and the end of 2011. The bank will no longer sell instalment credits and car loans. No details are given on how the planned job reductions are to be made. BPH's representatives are to meet with trade unions on Friday 7 May.

The Board of the Bank justifies the new strategy with poor recent financial results - in the first quarter of 2010 BPH recorded a net loss of PLN 54 million (approx. EUR 13.5 million) in comparison to a profit of PLN 20 million (approx. EUR 5 million) in the first quarter of last year.

BPH has made a number of mass redundancies in its history. Last year almost 930 people were laid off.


  • 7 May 2010: Wirtualny Nowy Przemysl
  • 7 May 2010: Rzeczpospolita
  • : (www.rp.pl)
  • : (www.rp.pl)


Eurofound (2010), Bank BPH, Internal restructuring in Poland, factsheet number 70517, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70517.