Getin Noble Bank

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
250 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2020
Employment effect (start)
24 February 2020
Foreseen end date
31 May 2020

Description

Banking and financial services company Getin Noble Bank announced that it plans to cut up to 250 jobs through a collective dismissal programme at its units across Poland by the end of May 2020. According to the sources, the decision should help the company to rationalise the business process and to improve its efficiency.

The company was formed in 2010 as a result of the merger of Getin Bank with Noble Bank. Currently, the bank has a workforce of around 4,350 employees in Poland. A previous restructuring in the bank took place in September 2019 (320 jobs cut).

Sources

Citation

Eurofound (2020), Getin Noble Bank, Internal restructuring in Poland, factsheet number 99847, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99847.