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

130 jobs
Number of planned job losses
Job loss
Announcement Date
19 April 2010
Employment effect (start)
20 April 2010
Foreseen end date

Description

Eurobank is closing a number of its local branches, mainly in northern Poland, and is planning to cut 130 jobs. The branches will continue to run but as independent franchises. Eurobank hope that many of the employees to be laid off will be hired by the new franchise owners.


Sources

  • 19 April 2010: Puls Biznesu ()

Citation

Eurofound (2010), Eurobank, Internal restructuring in Poland, factsheet number 70505, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70505.