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 64.1 - Monetary intermediation
155 jobs Number of planned job losses
Announcement Date
4 December 2018
Employment effect (start)
4 December 2018
Foreseen end date
31 December 2020
Description
Deutsche Bank Polska has announced that it will implement a collective dismissal programme which will affect up to 155 employees. The programme aims at rationalising organisation after the acquisition of the company’s retail part from Santander Bank Polska; it will be carried out between 2018 and 2020 at the bank’s units across the country. The conditions of the programme were negotiated with the local trade unions, and redundant employees will receive a severance pay amounting up to 12 months’ wages as well as additional benefits.
As of December 2018, Deutsche Bank Polska employs more than 520 staff, and its activities in Poland are limited to investment banking, corporate banking, mortgages denominated in foreign currencies and collateral loans.
Sources
Citation
Eurofound (2018), Deutsche Bank Polska, Merger/Acquisition in Poland, factsheet number 96236, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96236.
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