Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
NA
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

410 jobs
Number of planned job losses
Job loss
Announcement Date
9 May 2012
Employment effect (start)
1 June 2012
Foreseen end date
30 June 2013

Description

On 9 May 2012, the Polish branch of a French bank BNP Paribas announced plans to cut up to 410 jobs by the end of June 2013. 

It is reported that the cuts aim at increasing operational efficiency and improving financial results of the bank. 

BNP Paribas currently employs 2984 people in 221 units across Poland.


Sources

  • 9 May 2012: Gazeta Wyborcza ()
  • 10 May 2012: Rzeczpospolita ()

Citation

Eurofound (2012), BNP Paribas, Internal restructuring in Poland, factsheet number 73618, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73618.