Nova ljubljanska banka

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Ljubljana, other locations
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation
300 jobs
Number of planned job losses
Job loss
Announcement Date
1 June 2020
Employment effect (start)
1 June 2020
Foreseen end date
31 December 2020

Description

Nova ljubljanska banka (NLB), the largest Slovenian bank, will lay off 300 jobs by the end of the year 2020. Currently, the bank employs 2,659 persons in Slovenia, the whole group 5,878. The bank adopted several austerity measures. Salaries of the board of directors are 15 per cent lower and those of other managers 10 per cent. The bank also ceased payments of bonuses and announced the closing of 10 local bank offices by the end of May. The bank has not yet presented the restructuring plan to the trade union.

Sources

Citation

Eurofound (2020), Nova ljubljanska banka, Internal restructuring in Slovenia, factsheet number 100757, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100757.