EMCC European Monitoring Centre on Change

Eurobank

Company/Organisation:
Eurobank

Geographic Location

Country: Greece

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed: 2800
Group: Eurobank Group

Employment Effects

Announcement Date: 07-09-2020
Planned Job Reductions min: 500
Planned Job Reductions max: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 07-09-2020
Foreseen End Date: 02-10-2020
Other Job Reduction Measures: 500

Additional Information

According to various publications, the banking group Eurobank has announced a plan for voluntary redundancies. Applications start from 7 September 2020 and finish on October 2, The bank's latest plan gives four options for one-off benefits or part-payment of salary for departing workers over a period of 2  or 5 years. The plan provides for the compensation of up to 150,000 euro. It targets the exit of  500 employees aged 40-50 years.

Sources: