EMCC European Monitoring Centre on Change

BGŻ BNP Paribas

BGŻ BNP Paribas

Geographic Location

Country: Poland


Sector: Financial services
Financial and insurance activities
64.1 - Monetary intermediation

Employment Effects

Announcement Date: 14-12-2018
Planned Job Reductions min: 2200
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-01-2019
Foreseen End Date: 31-12-2020

Additional Information

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.