Restructuring events
European Restructuring Monitor (ERM)
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.
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
Eurofound (2016), Alior Bank, Merger/Acquisition in Poland, factsheet number 89364, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89364.
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