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
320 jobs Number of planned job losses
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.
Eurofound (2020), Capital Service, Internal restructuring in Poland, factsheet number 100617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100617.
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