EMCC European Monitoring Centre on Change

Nordea Bank Polska

Company/Organisation:
Nordea Bank Polska

Geographic Location

Country: Poland

Company

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

Employment Effects

Announcement Date: 24-04-2012
Planned Job Reductions min: 400
Planned Job Reductions max: 400
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2012

Additional Information

In April 2012, Nordea Bank announced plans to cut up to 400 jobs in Poland in 2012. The dismissals are part of the business strategy for 2012-2015. Nordea also plans to change the employment conditions of part of their staff. 

The company is to negotiate the conditions of the restructuring programme with the local trade unions and the employee's council. The restructuring process is planned to be completed by the end of 2012. 

The company is also to shut down about 60 branches across Poland and develop online banking services instead.