Eurobank

Type
Internal restructuring
Country
Greece
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.11 - Central banking
1,100 jobs
Number of planned job losses
Job loss
Announcement Date
5 November 2013
Employment effect (start)
Foreseen end date
28 December 2014

Description

Eurobank Group announced officially a voluntary redundancy plan affecting 700-800 jobs.  

As reported, the banking group introduced the job reduction measure for all its employees, including the new Proton Bank but with the exception of the new TT Hellenic Postbank and its subsidiaries as well a small number of Eurobank subsidiaries.

As announced, the deadline for expression of interest is 15 November 2013.

Updated, 18-11-2013: As announced, approximately 1,100 employees expressed interest in participating in the voluntary redundancy plan.

Sources

  • 18 November 2013: To Vima
  • 5 November 2013: Kathimerini
  • 6 November 2013: Ta nea

Citation

Eurofound (2013), Eurobank, Internal restructuring in Greece, factsheet number 76113, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76113.