Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Warsaw and all the branches across Poland
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
31 December 2008
Employment effect (start)
Foreseen end date

Description

Polska Kasa Oszczędności (PKO BP), the state-owned Polish bank, plans to make 1,700 employees (out of a total workforce of 29,800) redundant by the end of 2009. The group redundancies will affect the head office in Warsaw as well as branches across Poland. PKO BP has been restructuring its employment since 2000, eliminating approximately 1,500 jobs every year.


Sources

  • 31 December 2008: Parkiet

Citation

Eurofound (2008), PKO BP, Internal restructuring in Poland, factsheet number 67741, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67741.