Company/Organisation:
National Bank of Greece
Geographic Location
Country:
Greece
Company
Sector:
Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed:
8200
Group:
National Bank of Greece
Employment Effects
Announcement Date:
10-11-2020
Planned Job Reductions min:
800
Planned Job Reductions max:
1000
Type of Restructuring:
Internal restructuring
Employment Effect Start:
10-11-2020
Foreseen End Date:
04-12-2020
Direct Dismissals:
1000
Additional Information
The National Bank of Greece has announced a new plan of voluntary redundancies. Applications start from 10 November 2020 and finish on 04 December. The plan provides for the compensation of €20.000 up to €150.000 to workers who exit. Alternatively, the employees can choose to take a long-term paid leave with social insurance, from two up to five years, at the end of which their job contract will be terminated with some severance compensation. The plan targets the exit of 1,000 employees having 7 to 30 years minimum work experience in the bank.
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