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

550 jobs
Number of planned job losses
Job loss
Announcement Date
5 January 2011
Employment effect (start)
Foreseen end date
31 March 2011

Description

On 5 January 2011, Česká spořitelna, the largest retail bank in the Czech market and a member of Austrian Erste Bank Group, announced plans to dismiss 550 employees in the first quarter of 2011 in order to increase effectiveness. The bank currently employs 10,800 people in the Czech Republic.


Sources

  • 5 January 2011: Lidové Noviny

Citation

Eurofound (2011), Česká spořitelna, Internal restructuring in Czechia, factsheet number 71384, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71384.