Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

470 jobs
Number of planned job losses
Job loss
Announcement Date
17 December 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 January 2013

Description

ČSOB Group, a major Czech financial services conglomerate, will cut 470 jobs (6% of its 7,820 staff) at the beginning of 2013.

The restructuring is a response to the uncertain economic environment and the negative economic forecast. Redundancies will affect mostly the headquarters and managerial positions.


Sources

  • 17 December 2012: MF Dnes

Citation

Eurofound (2012), ČSOB, Internal restructuring in Czechia, factsheet number 74688, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74688.