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
600 jobs Number of planned job losses
Announcement Date
17 April 2012
Employment effect (start)
Foreseen end date
30 November 2012
Description
On 17 April 2012, BPH (Bank Przemysłowo-Handlowy) announced plans to cut up to 600 jobs in Poland by the end of November 2012. Since 2009 this is the third wave of dismissals in BPH.
The company is to negotiate the conditions of the restructuring programme with local trade unions. The bank declared that the employees affected by the cuts will receive a severance pay.
The company explains its decision by the need to change the organisational structure in order to improve the bank's financial efficiency.
Sources
17 April 2012: Gazeta Wyborcza ()
Citation
Eurofound (2012), Bank Przemysłowo-Handlowy (BPH), Internal restructuring in Poland, factsheet number 73619, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73619.
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