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 - Financial service activities, except insurance and pension funding
60 jobs Number of planned job losses
Announcement Date
12 January 2016
Employment effect (start)
13 January 2016
Foreseen end date
31 January 2016
Description
Hypo Alpe Adria Bank is a Slovenian subsidiary of Austrian based Hypo Group Alpe Adria, owned by Advent International and EBRD since July 2015. The Slovenian subsidiary employs approximately 300 people at the moment. The bank has undertaken restructuring and rationalization of business operations. Consequently, 20 per cent of all employees will be redundant in a very short time.
Sources
12 January 2016: Finance
Citation
Eurofound (2016), Hypo Alpe Adria Bank, Internal restructuring in Slovenia, factsheet number 86226, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86226.
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