Type
Merger/Acquisition
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

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
24 March 2015
Employment effect (start)
Foreseen end date
31 December 2015

Description

Alior Bank has announced its plan to decrease the employment by up to 1,000 workplaces by the end of 2015. This situation is a result of the process of merging with Meritum Bank. The banks is going to negotiate the conditions of the restructuring programme with the local trade unions. It has been also revealed that the merged banks will change their distribution model.


Sources

  • 24 March 2015: Gazeta Wyborcza
  • 24 March 2015: Puls Biznesu

Citation

Eurofound (2015), Alior Bank, Merger/Acquisition in Poland, factsheet number 79199, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79199.