Restructuring events
European Restructuring Monitor (ERM)
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.
Open Finance, Poland’s largest financial intermediary company, announced that it plans to cut up to 380 jobs by the end of May 2020. The source reports that the restructuring aims optimisation of operating costs. The conditions of the restructuring programme will be negotiated with the employee representatives. Further redundancies will be also carried out in Home Broker, a subsidiary company, and will affect up to 60 positions.
Open Finance has been operating since 2004 as a part of Polish financial group Getin Holding.
Eurofound (2020), Open Finance, Internal restructuring in Poland, factsheet number 100354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100354.