BRE Bank

Type
Internal restructuring
Country
Poland
Region
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
200 jobs
Number of planned job losses
Job loss
100 jobs
Number of planned job creations
Job creation
Announcement Date
23 December 2005
Employment effect (start)
Foreseen end date

Description

In 2006, BRE Bank wants to continue its expansion on the individual banking market, as well as strengthen its position on corporate banking market. In the corporate banking department, the restructuring which already took place resulted in strengthening the workforce. Additionally the bank plans to hire 100 more people there, however, it will dismiss 200 people from other departments. The bank wants to open two new subsidiaries in Warsaw.

Sources

  • 23 December 2005: Rzeczpospolita

Citation

Eurofound (2005), BRE Bank, Internal restructuring in Poland, factsheet number 62700, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62700.