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

1,800 jobs
Number of planned job losses
Job loss
Announcement Date
5 March 2015
Employment effect (start)
30 June 2015
Foreseen end date

Description

As a result of the merger plan of Bank BGŻ (Bank Gospodarki Żywnościowej) and BNP Paribas the employment at the first one will decrease by up to 1,800. The conditions of restructuring programme have been negotiated with the local trade unions. The restructuring process will be carried out over a two-year period starting from the date of the planned merger of the banks.


Sources

  • 5 March 2015: Bankier
  • 8 March 2015: Rzeczpospolita

Citation

Eurofound (2015), Bank BGÅ», Merger/Acquisition in Poland, factsheet number 79227, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79227.