EMCC European Monitoring Centre on Change

Nova ljubljanska banka

Company/Organisation:
Nova ljubljanska banka

Geographic Location

Country: Slovenia
Region: Osrednjeslovenska; Slovenija
Location of affected unit(s): Ljubljana and many local bank offices

Company

Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation
Number Employed: 5878

Employment Effects

Announcement Date: 01-06-2020
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2020
Foreseen End Date: 31-12-2020

Additional Information

Nova ljubljanska banka (NLB), the largest Slovenian bank, will lay off 300 jobs by the end of the year 2020. Currently, the bank employs 2,659 persons in Slovenia, the whole group 5,878. The bank adopted several austerity measures. Salaries of the board of directors are 15 per cent lower and those of other managers 10 per cent. The bank also ceased payments of bonuses and announced the closing of 10 local bank offices by the end of May. The bank has not yet presented the restructuring plan to the trade union.

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