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
700 jobs Number of planned job losses
Announcement Date
1 July 2010
Employment effect (start)
1 April 2009
Foreseen end date
31 March 2010
Description
Slovenska sporitelna, Slovakia's biggest bank, reduced its staff by more than 700 employees over the year ending in March 2010. Dismissals were attributed to the persisting international financial crisis and followed internal restructuring of the company. Internal restructuring also included the relocation of some jobs from Bratislava to cheaper regions, for example Banská Bystrica.
Sources
1 July 2010: Hospodárske noviny ()
Citation
Eurofound (2010), Slovenská sporiteľňa, Internal restructuring in Slovakia, factsheet number 70776, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70776.
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