Internal restructuring
Location of affected unit(s)
All over Greece
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

174 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2016
Employment effect (start)
15 March 2016
Foreseen end date
31 December 2017


Alpha Bank, one of the leading financial institutions in Greece, has decided to implement a voluntary exit scheme for 174 employees.

According to Greek newspapers (February 24th, 2016) Alpha Bank is one of the four Greek core banks to implement a voluntary exit programme. The bank will complete the planning stage and submit its voluntary redundancy programme to the Hellenic Financial Stability Fund (HFSF) for the necessary approval in the next few weeks. The new round of expenditure cuts in terms of reducing staffs, branches and operating costs is in accordance with the restructuring plans that the bank's management has agreed with the European Commission’s competition authorities.

Alpha Bank, is one of Greece's largest private banks, with a wide network of over 1,000 service units in Greece and one of the highest capital adequacy ratios in Europe.


  • 24 February 2016: Imerisia


Eurofound (2016), Alpha Bank, Internal restructuring in Greece, factsheet number 86588, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86588.