Capital Service

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
64.19 - Other monetary intermediation
320 jobs
Number of planned job losses
Job loss
Announcement Date
5 May 2020
Employment effect (start)
5 May 2020
Foreseen end date

Description

The Polish financial company Capital Service announced that it will cut 320 positions throughout a collective dismissal programme at its units across Poland. As the source reports, the restructuring is associated with COVID-19 pandemic. The company registered the programme in the local employment agency.

Capital Service was founded in 1999. Currently, the company is one of the leading non-bank financial institutions in Poland, with over 100 branches across the country. The company specialises in granting cash loans.

Sources

Citation

Eurofound (2020), Capital Service, Internal restructuring in Poland, factsheet number 100617, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100617.