Nordea Bank Polska

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
400 jobs
Number of planned job losses
Job loss
Announcement Date
24 April 2012
Employment effect (start)
Foreseen end date
31 December 2012

Description

In April 2012, Nordea Bank announced plans to cut up to 400 jobs in Poland in 2012. The dismissals are part of the business strategy for 2012-2015. Nordea also plans to change the employment conditions of part of their staff.

The company is to negotiate the conditions of the restructuring programme with the local trade unions and the employee's council. The restructuring process is planned to be completed by the end of 2012.

The company is also to shut down about 60 branches across Poland and develop online banking services instead.

Sources

  • 24 April 2012: Gazeta Prawna ()
  • 10 May 2012: Gazeta Wyborcza ()

Citation

Eurofound (2012), Nordea Bank Polska, Internal restructuring in Poland, factsheet number 73621, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73621.