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 - Financial service activities, except insurance and pension funding
850 - 950 jobs Number of planned job losses
Announcement Date
10 April 2017
Employment effect (start)
Foreseen end date
31 December 2017
Description
Raiffeisen Polbank, subsidiary of Austrian-based Raiffeisen Bank International, has announced that it will cut between 850 and 950 jobs across Poland by the end of 2017. The restructuring programme is associated with the bank’s plan to close between 60 and 70 branches across the country. The restructuring aims to improve financial and organisational effectiveness of the company. The cost-cutting programme is expected to result in savings of around PLN 200 million (EUR 50million USD 52.95million).
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