Internal restructuring
Location of affected unit(s)
Warsaw HQ, All Poland
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

836 jobs
Number of planned job losses
Job loss
Announcement Date
29 December 2015
Employment effect (start)
1 January 2016
Foreseen end date
31 December 2016


The state-owned bank PKO BP (Powszechna Kasa Oszczędności Bank Polski) has announced that it will cut 836 jobs at its head office in Warszawa as well as at other units across Poland by the end of 2016.

The company has announced a collective dismissal programme. The company negotiated with the local trade unions about the conditions of the restructuring programme. Redundant employees will receive a severance pay. The company will also change conditions of employment for the part of employees  in addition to the announced redundancies.

This is the next wave of mass redundancies:in 2015, the company cut around 1,100 jobs.

PKO BP was founded in 1919; it is the largest Polish retail bank. Currently, the bank employs over 26,000 people across Poland.


  • 29 December 2015: Gazeta Wyborcza


Eurofound (2015), PKO BP, Internal restructuring in Poland, factsheet number 86274, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86274.