Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Polish bank Getin Noble Bank has announced that it will reduce its employment capacity by 15% by the end of 2016 which implies that up to 840 jobs will be cut at bank’s branches across Poland. The restructuring programme aims to improve financial and organisational effectiveness of the company. The programme is also connected with additional costs associated with the bankruptcy of SK Bank and with the newly established fund supporting borrowers in difficult situation as well as with the introduction of a bank tax.
Eurofound (2016), Getin Noble Bank, Internal restructuring in Poland, factsheet number 86674, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86674.