National Bank of Greece

Type
Internal restructuring
Country
Greece
Region
Location of affected unit(s)
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
1,350 - 2,100 jobs
Number of planned job losses
Job loss
Announcement Date
26 October 2016
Employment effect (start)
1 November 2016
Foreseen end date
31 December 2018

Description

National Bank of Greece is to announce a voluntary exit programme for at least 1,350 employees.

According to media reports (Wednesday, 26 October 2016), NBG will commence the exit programme in November 2016. The program concerns all NBG employees and will provide specific incentives depending on age group.

NBG, in accordance with the restructuring plan, will have, to reduce the number of employees by 2,100 people by the end of 2018.

Sources

  • Euro

Citation

Eurofound (2016), National Bank of Greece, Internal restructuring in Greece, factsheet number 88987, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88987.