Internal restructuring
Location of affected unit(s)
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

400 jobs
Number of planned job losses
Job loss
135 jobs
Number of planned job creations
Job creation
Announcement Date
25 September 2018
Employment effect (start)
Foreseen end date
31 December 2018


Czech banking group ÄŒSOB, which belongs to the Belgian company KBC, has announced about 400 redundancies in the whole ÄŒSOB group by the end of 2018. At the same time 135 new positions are to be created. Workers at branches and dealers should be the most affected. The newly created positions should be filled by qualified candidates to face the growing IT challenge in banking and insurance agenda.

Unions in ČSOB, the second largest domestic bank by number of clients, do not agree with the bank´s plans and sent a letter to the management, expressing disagreement with the announced redundancies.

ÄŒSOB currently employs over 10,000 people.



Eurofound (2018), ÄŒSOB, Internal restructuring in Czechia, factsheet number 95524, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95524.