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 64.1 - Monetary intermediation
840 jobs Number of planned job losses
Announcement Date
26 February 2016
Employment effect (start)
Foreseen end date
31 December 2016
Description
Polish bank Getin Noble Bank has announced that it will reduce its employment capacity by 15% by the end of 2016 which implies that up to 840 jobs will be cut at bank’s branches across Poland. The restructuring programme aims to improve financial and organisational effectiveness of the company. The programme is also connected with additional costs associated with the bankruptcy of SK Bank and with the newly established fund supporting borrowers in difficult situation as well as with the introduction of a bank tax.
Sources
26 February 2016: Rzeczpospolita
Citation
Eurofound (2016), Getin Noble Bank, Internal restructuring in Poland, factsheet number 86674, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86674.
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