Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
NA
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

470 jobs
Number of planned job losses
Job loss
Announcement Date
17 December 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 January 2013

Description

ÄŒSOB Group, a major Czech financial services conglomerate, will cut 470 jobs (6% of its 7,820 staff) at the beginning of 2013.

The restructuring is a response to the uncertain economic environment and the negative economic forecast. Redundancies will affect mostly the headquarters and managerial positions.


Sources

  • 17 December 2012: MF Dnes

Citation

Eurofound (2012), ÄŒSOB, Internal restructuring in Czechia, factsheet number 74688, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74688.