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.
According to media reports, Attica Bank has announced a new plan for voluntary redundancies. Applications start from 15 March 2022 and finish on April 11 2022. The plan targets the voluntary exit of a total number of 100 employees with 5 years of minimum service in the bank. Those who accept the plan will be eligible for compensation equivalent to up to 130% of their annual salary, with the maximum amount of compensation set at € 210,000. In addition, the beneficiaries will continue to be covered in the Group Health Insurance Programme for 5 to 10 years, depending on their age.
Eurofound (2022), Attica Bank, Internal restructuring in Greece, factsheet number 106457, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106457.