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
2,400 jobs Number of planned job losses
Announcement Date
21 September 2007
Employment effect (start)
Foreseen end date
31 March 2008
Description
Andreas Treichl, the representative of Austrian Erste Bank, first stakeholder of the Romanian Commercial Bank (Banca Comerciala Romana, BCR) announced that, in the context of the restructuring process in the next six months, the number of posts will be reduced by 2,400, of which 1,200 as result of externalisation's activities. Dismissed persons may benefit of the “Golden retire” programme and other compensatory payments for early retirement. At present, BCR has 10,600 employees; the market share of the bank in Romania was in 2006 of 26.2%.
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