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 64.1 - Monetary intermediation
165 jobs Number of planned job losses
Announcement Date
15 May 2012
Employment effect (start)
Foreseen end date
Description
In May 2012, MKB Bank has announced the dismissal of 165 employees as a result of the closure of eight branches country-wide. Redundancies will affect 7.7 % of all MKB Bank employees. As of May 2012, there is no information on the timeline of the restructuring.
The measure is part of the bank's strategy to make its operations more efficient during the crises. As part of to this strategy MKB also sold its Rumanian subsidiary MKB Romexterra on 6 April 2012.
MKB's parent company, BayernLB is reported to support MKB's strategy to reduce costs.
Sources
21 May 2012: Munkaügyes
18 May 2012: Index
18 May 2012: HR Portal
Citation
Eurofound (2012), MKB Bank, Internal restructuring in Hungary, factsheet number 73615, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73615.
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