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

210 - 270 jobs
Number of planned job losses
Job loss
Announcement Date
28 April 2017
Employment effect (start)
28 April 2017
Foreseen end date
30 September 2017


Austrian and partly Hungarian state-owned Erste Bank Hungary plans to cut staff by 7-9% with the aim of reducing costs by 10% for 2018. As a result of the cost cutting measure 210-270 employees will be let go from the current 3,000 strong staff by September. The layoffs will affect both customer service and back office positions, more of the latter.

Erste Bank Hungary already made significant layoffs in 2012, when more than 400 employees were let go in a restructuring which saw the closure of almost a quarter (43) of the bank's offices (see here).


  • 28 April 2017: index.hu
  • 29 April 2017: magyaridok.hu


Eurofound (2017), Erste Bank Hungary, Internal restructuring in Hungary, factsheet number 90968, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90968.