Hypo Alpe Adria Bank

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Ljubljana
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
60 jobs
Number of planned job losses
Job loss
Announcement Date
12 January 2016
Employment effect (start)
13 January 2016
Foreseen end date
31 January 2016

Description

Hypo Alpe Adria Bank is a Slovenian subsidiary of Austrian based Hypo Group Alpe Adria, owned by Advent International and EBRD since July 2015. The Slovenian subsidiary employs approximately 300 people at the moment. The bank has undertaken restructuring and rationalization of business operations. Consequently, 20 per cent of all employees will be redundant in a very short time.

Sources

  • 12 January 2016: Finance

Citation

Eurofound (2016), Hypo Alpe Adria Bank, Internal restructuring in Slovenia, factsheet number 86226, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86226.