Nova Kreditna Banka Maribor (NKBM)

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Vzhodna Slovenija; Podravska
Location of affected unit(s)
Maribor
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation
100 jobs
Number of planned job losses
Job loss
Announcement Date
14 March 2014
Employment effect (start)
14 March 2014
Foreseen end date
31 December 2014

Description

Nova kreditna banka Maribor (NKBM), the second largest Slovenian bank, will cut more than 100 jobs by the end of 2014.

This is due to the bank’s severe financial troubles caused by a heavy increase in non-performing loans. A significant part of these loans has been transferred to the Slovenian bad bank.

Most of these cuts will be implemented via soft methods such as retirement, non-prolongation of fixed-term contracts and early retirement based on individual agreements.

In 2015 and 2016, a further reduction of employment will be made, so that the present number of employees (1,264) will be reduced by 250 to 300 staff in total.

Sources

  • 12 March 2014: Delo
  • 14 March 2014: Delo

Citation

Eurofound (2014), Nova Kreditna Banka Maribor (NKBM), Internal restructuring in Slovenia, factsheet number 76710, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76710.