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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
1,000 jobs Number of planned job losses
Announcement Date
10 May 2018
Employment effect (start)
10 May 2018
Foreseen end date
Description
The second-largest Polish commercial bank, Bank Pekao, has launched a voluntary leave programme that aims at the reduction of the workforce by up to 1,000 positions. The programme is associated with the company’s plan to keep its costs at the inflation level. According to the plan, around 1,000 employees with pension rights are expected to join the programme, thanks to which Bank Pekao will be able to cut its costs by PLN 70mn (EUR 16.45mn) annually. In the meantime, the bank is preparing a new concept for its branches which is expected to be implemented at the end of 2018. Bank Pekao was founded in 1929. Currently, the bank employs over 15,000 people across the country.
Sources
10 May 2018: Puls HR
10 May 2018: Bankier
Citation
Eurofound (2018), Bank Pekao, Internal restructuring in Poland, factsheet number 94195, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94195.
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