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
2,600 jobs Number of planned job losses
Announcement Date
25 November 2016
Employment effect (start)
25 November 2016
Foreseen end date
31 December 2017
Description
Alior Bank has announced that it will cut up to 2,600 jobs at its units across Poland by the end of 2017. The restructuring programme is associated with the legal merger of Alior Bank with separated part of Bank BPH, which took place in November 2016. The programme aims at increasing financial and organisational effectiveness and it will affect employees hired in the bank’s sale network as well as headquarter. The bank is going to negotiate the conditions of the programme with the local trade unions.
The bank has been operating in Poland since 2008
Sources
25 November 2016: Trójmiasto.pl
25 November 2016: Reuters
Citation
Eurofound (2016), Alior Bank, Merger/Acquisition in Poland, factsheet number 89364, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89364.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
