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.
Banking and financial services company Getin Noble Bank announced that it plans to implement a new collective dismissal programme at its units across Poland. The company announced that up to 350 jobs will be cut in the face of new customer preferenced caused by the COVID-19 pandemic and the reduction of interest rates in Poland which is expected to have a significant impact on the bank's interest revenue.
In February 2020, the bank began the implementation of a redundancy programme which was supposed to affect up to 250 positions by the end of June 2020.
The company was formed in 2010 as a result of the merger of Getin Bank with Noble Bank. Currently, the bank has a workforce of around 4,200 employees in Poland. A previous restructuring in the bank took place in September 2019 (320 jobs cut).
Eurofound (2020), Getin Noble Bank, Internal restructuring in Poland, factsheet number 100937, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100937.
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