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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
400 jobs Number of planned job losses
135 jobs Number of planned job creations
Announcement Date
25 September 2018
Employment effect (start)
Foreseen end date
31 December 2018
Description
Czech banking group ČSOB, which belongs to the Belgian company KBC, has announced about 400 redundancies in the whole ČSOB group by the end of 2018. At the same time 135 new positions are to be created. Workers at branches and dealers should be the most affected. The newly created positions should be filled by qualified candidates to face the growing IT challenge in banking and insurance agenda.
Unions in ČSOB, the second largest domestic bank by number of clients, do not agree with the bank's plans and sent a letter to the management, expressing disagreement with the announced redundancies.
ČSOB currently employs over 10,000 people.
Sources
Citation
Eurofound (2018), ČSOB, Internal restructuring in Czechia, factsheet number 95524, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95524.
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