National Bank of Greece

Type
Internal restructuring
Country
Greece
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
2,000 jobs
Number of planned job losses
Job loss
Announcement Date
13 February 2013
Employment effect (start)
1 March 2013
Foreseen end date
31 March 2016

Description

National Bank of Greece is to cut 2,000 positions till the end of March 2013. The job losses were set out in a bid to minimize the costs of the acquisition of Eurobank and refer to a voluntary exit plan targeting mostly those employees near to retirement.

Sources

  • 13 February 2013: Reuters
  • 14 February 2013: Eleftherotypia
  • 22 February 2013: Kathimerini

Citation

Eurofound (2013), National Bank of Greece, Internal restructuring in Greece, factsheet number 75043, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75043.