Nova Ljubljanska Banka

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Zahodna Slovenija;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
119 jobs
Number of planned job losses
Job loss
Announcement Date
30 August 2005
Employment effect (start)
Foreseen end date
31 December 2005

Description

The largest Slovenian-based bank Nova Ljubljanska will cut its workforce to 3,500 employees by the end of 2005, in order to improve productivity and allow for better cost management. NLB has acquired controlling shares in several banking institutions around former Yugoslavia, mainly in Serbia and Montenegro. State-controlled financial groups and Belgian KBC are two major owners of the bank.

No direct dismissals are envisioned in 2005.

Sources

  • 30 August 2005: Finance

Citation

Eurofound (2005), Nova Ljubljanska Banka, Internal restructuring in Slovenia, factsheet number 62159, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62159.