Alior Bank

Type
Internal restructuring
Country
Poland
Region
Makroregion województwo mazowieckie; Warszawski stołeczny; Miasto Warszawa
Location of affected unit(s)
Warszawa
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
260 jobs
Number of planned job losses
Job loss
Announcement Date
26 February 2014
Employment effect (start)
26 February 2014
Foreseen end date
31 May 2014

Description

Polish Alior Bank is to implement a collective dismissal programme affecting 260 jobs at its headquarters. The job cuts are expected to be made by the end of May 2013. The restructuring programme aims at increasing financial and organizational effectiveness. The redundant employees will receive a severance pay.

The bank has been operating in Poland since 2008. Alior Bank has currently about 800 unit across the country.

The ERM reported other restructurings at the company in 2013, 2011, 2010 and 2009.

Sources

  • 26 February 2014: Gazeta Prawna
  • 26 February 2014: Wirtualna Polska

Citation

Eurofound (2014), Alior Bank, Internal restructuring in Poland, factsheet number 76665, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76665.