27th September 2012
Saturday, May 25th, 2013
Bank BGŻ to cut 380 jobs to improve results
Bank BGŻ wants to cut up to 380 jobs in order to improve its financial results, reported Rzeczpospolita.
“The board informed trade unions operating at the bank about its intention to carry out group lay-offs. The planned restructuring will involve not more than 380 job cuts by the end of the first half of 2013,” reads the bank’s official statement.
According to the statement, BGŻ's current financial position forced it to make the decision. The bank is experiencing low profitability and efficiency resulting from its high cost-to-income ratio.
Currently, Bank BGŻ employs 5,812 workers.
From Warsaw Business Journal
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