Internal restructuring
Location of affected unit(s)
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
Job loss
Announcement Date
10 April 2017
Employment effect (start)
Foreseen end date
31 December 2017


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).

Raiffeisen Polbank has been operating in Poland since 1991. In 2016, the bank implemented a restructuring programme affecting 500 jobs.


  • 10 April 2017: Money.pl


Eurofound (2017), Raiffeisen Polbank, Internal restructuring in Poland, factsheet number 90717, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90717.