EMCC European Monitoring Centre on Change

Bank Polska Kasa Opieki

Company/Organisation:
Bank Polska Kasa Opieki

Geographic Location

Country: Poland

Company

Sector: Financial services
Financial and insurance activities
64.1 - Monetary intermediation
Number Employed: 17757

Employment Effects

Announcement Date: 08-04-2019
Planned Job Reductions min: 950
Type of Restructuring: Internal restructuring
Employment Effect Start: 08-04-2019
Foreseen End Date: 31-10-2019

Additional Information

The second-largest Polish commercial bank, Bank Polska Kasa Opieki, commonly known as Bank Pekao, has announced that it will cut up to 950 jobs through a collective dismissal at its units across Poland. In addition, 620 employees will have their terms of employment changed, including changes in posts and salaries. The programme will be operational between April and October 2019. The move is a response to the current condition of the banking sector in Poland, including the process of digitisation, increasing regulations, taxations and capital demands. Employment in the Polish banking sector has been falling steadily for the past few years; it dropped by 2,900 posts in 2018.

Bank Pekao was founded in 1929. Currently, the bank employs over 16,700 people at its all subsidiaries across the country.

 

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