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
64.1 - Monetary intermediation

2,510 jobs
Number of planned job losses
Job loss
Announcement Date
31 December 2013
Employment effect (start)
31 December 2013
Foreseen end date

Description

National Bank of Greece, one of the biggest Greek financial groups, announced a voluntary redundancy plan affecting 2,510 employees all over Greece.

As reported, the cost-cutting measure aims at reducing the workforce by approximately 20 pc and decreasing the annual operation costs by EUR 120 million.


Sources

  • 31 December 2013: National Bank of Greece (Press release)
  • 31 December 2013: Kathimerini

Citation

Eurofound (2013), National Bank of Greece, Internal restructuring in Greece, factsheet number 76403, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76403.