EMCC European Monitoring Centre on Change

Getin Noble Bank

Company/Organisation:
Getin Noble Bank

Geographic Location

Country: Poland

Company

Sector: Financial services
Financial and insurance activities
64.1 - Monetary intermediation
Number Employed: 4200

Employment Effects

Announcement Date: 14-06-2020
Planned Job Reductions min: 350
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-06-2020

Additional Information

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).

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