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.
Komerční banka (KB), the third largest bank in the Czech Republic, will reduce the number of employees by approximately 3.5%, i.e. by about 250 people, during the first half of 2021. Restructuring measures are taken in the context of continuing pandemic situation and its significant negative impact on economic activity.More than two thirds of redundancies will be implemented at the head office. It is expected that about 20% of employees from cancelled positions will find another placement in the bank. In accordance with applicable labour regulations, KB's trade union has been informed on the staff restructuring plan. Komerční banka is part of the Société Générale group and currently has 7,200 staff.
Eurofound (2021), Komerční banka (KB), Internal restructuring in Czechia, factsheet number 102958, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102958.