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 64.1 - Monetary intermediation
2,200 jobs Number of planned job losses
Announcement Date
14 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2020
Description
BGŻ BNP Paribas, the sixth-largest lender in Poland, has announced that it will implement a collective dismissal programme which will affect up to 2,200 employees by the end of 2020. The bank has completed negotiations and has signed an agreement with the local trade unions concerning collective redundancies to be implemented between the beginning of 2019 and the end of 2020. The redundancies are part of the company’s costs saving programme following the acquisition of Raiffeisen Polbank. As of December 2018, the combined Polish workforce of BNP and Raiffeisen is about 11,000.
Sources
Citation
Eurofound (2018), BGŻ BNP Paribas, Merger/Acquisition in Poland, factsheet number 96258, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96258.
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