The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.1 - Monetary intermediation
792 jobs Number of planned job losses
Announcement Date
22 October 2013
Employment effect (start)
22 October 2013
Foreseen end date
31 October 2014
Description
Citi Handlowy announced plans to shut down 19 branches across Poland and cut 792 jobs by the end of October 2014.
The restructuring programme is associated with the transformation of the bank’s distribution system and the implementation of a new operating model. As part of the restructuring, the bank plans to open 25 “smart” branches by the end of 2014.
Eurofound (2013), Citi Handlowy, Internal restructuring in Poland, factsheet number 76069, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76069.
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