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 - Financial service activities, except insurance and pension funding
100 jobs Number of planned job losses
Announcement Date
14 May 2021
Employment effect (start)
17 May 2021
Foreseen end date
4 June 2021
Description
Attica Bank, has announced a new plan for voluntary redundancies. Applications started from 17 May 2021 and finished on June 6 2021. The plan targets the exit of 100 employees over 40 years old and with 10 years minimum service in the bank. Those who will leave will receive the legal severance pay topped up by 10% of the annual salaries. It is estimated that on average the amount of compensation and bonus will be set at 75,000 euros. The amount up to 60,000 euros is tax-free.
Eurofound (2021), Attica Bank, Internal restructuring in Greece, factsheet number 105176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105176.
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