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 64.19 - Other monetary intermediation
500 - 600 jobs Number of planned job losses
Announcement Date
15 May 2019
Employment effect (start)
15 May 2019
Foreseen end date
Description
Eurobank Group announced a new plan for voluntary redundancies. The restructuring programme aims to make 600 employees redundant in order to reduce operating costs. The application procedure starts on 15 May 2019 and will be closed on 4 June 2019. The plan provides for compensation up to €250,000 for workers over 55 years old. Younger employees can apply only if they work in selected bank branches across Greece. Alternative possibilities for departing workers include payment of part of the salary over a period of two to five years.
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