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
300 jobs Number of planned job losses
Announcement Date
27 September 2024
Employment effect (start)
30 September 2024
Foreseen end date
11 October 2024
Description
The banking group Alpha Bank has announced a new plan for voluntary redundancies. Applications started on 30 September 2024 and will end on 11 October 2024. The goal is to renew the workforce and bring in employees with new skills.
The programme offers a one-time compensation of up to €180,000 for immediate departure with three years of additional health coverage, or long-term paid leave (three to six years) in the form of a sabbatical, during which the employee is not required to provide services to the bank. The programme is aimed at approximately 300 employees who meet specific criteria, mainly those in low-skilled positions in central services and in support roles in customer service within the branch network.
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The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
