Expander

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
100 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Expander - a leader among financial advisors in Poland - is planning to dismiss 100 workers by the end of 2009 across all its branches in Poland. Among the products that the company offers to its clients are: mortgage loans, debt consolidation, savings products and insurance. Expander is owned by the General Electric Company, one of the world's largest corporations with assets of approximately $500 billion.

Sources

Citation

Eurofound (2009), Expander, Internal restructuring in Poland, factsheet number 68412, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68412.