ČSOB

Type
Internal restructuring
Country
Czechia
Region
Česko;
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 - 600 jobs
Number of planned job losses
Job loss
Announcement Date
21 January 2009
Employment effect (start)
31 January 2009
Foreseen end date
31 December 2009

Description

ČSOB, a bank which is part of Belgium's KBC Group, is to cut from 500 to 600 jobs out of 10,000 across the Czech Republic during 2009 due to the current economic slowdown. It was reported that over 200 people are to quit the company by the end of January 2009.

Sources

  • 21 January 2009: Hospodárske noviny

Citation

Eurofound (2009), ČSOB, Internal restructuring in Czechia, factsheet number 67864, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67864.